Oil and gas production company Petroleum Development Oman (PDO) has tendered 100 MW of solar capacity for development in Amin. The project will be built on a build-own-operate-transfer basis, and will be structured in line with Oman’s independent power producer (IPP) model. The eligibility conditions require bidders to have a minimum tangible net worth of $50 million and to have completed at least two large-scale solar IPP projects with an aggregate capacity of 100 MW. PDO will enter into a 23-year power purchase agreement (PPA) with the successful bidder and will award the project construction contract by June 2018. In addition, the project will be privately financed through a combination of sponsor and third-party equity, as well as non-/limited recourse debt.