was incorporated as an Omani Joint Stock Company in the Sultanate of Oman on November 19, 2000, under a trade license issued by Ministry of Commerce & Industry. The principal activities of BWPC are to develop, finance, operate and maintain power generation and water desalination facilities. The Company’s business is regulated by project agreements with various government entities and financing agreements with project lenders. These project agreements provide an assurance both over revenue and cost elements of the business.