I can use a 1600W power supply, but I fear this may be oversaturated too (but I'm open to underclocking the CPUs)
1600W power supply would be only enough for 2x6990s. It would be a waste to use three of them and underclock so much. It be much better to get extra power supply and use it for the third 6990. That way you can get the full potential from all the GPUs.