Marubeni-led group wins three billion dollar power, water project in Abu Dhabi
Japanese trading house Marubeni Corp. said Wednesday a consortium it leads has won a three billion dollar power generation and water desalination project in Abu Dhabi.
The consortium will build a one-million-kilowatt thermal power plant and a plant that can produce 300,000 tonnes of water daily in the Taweelah complex by July 2008, Marubeni said in a statement.
Under a 20-year contract with the Abu Dhabi Water and Electricity Authority (ADWEA), the consortium would also buy an existing Taweelah one-million-kilowatt thermal power plant and a plant that produces 450,000 tonnes of water daily.
A joint venture would be set up to run the facilities starting April, with the consortium taking a 40-percent stake and the ADWEA the remaining 60 percent.
Marubeni formed a consortium with Japanese engineering firm JGC Corp., BTU Power Co. of the United States and Malaysian power producer PowerTeck Bhd, to compete for the deal.All rights reserved. © 2005 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.