posted on 08/07/2006: 1313 views
Abu Dhabi Water and Electricity Authority (ADWEA) and Singapore's Sembcorp has signed an agreement to develop the Dh6.4 billion Fujairah power and water plant project. The agreement was signed by Sheikh Dhiyab bin Zayed Al Nahyan, Chairman of ADEWA and Tang Kin Fei, Sembcorp's Chairman, President and CEO.
Under the terms of the agreement, Sembcrop will acquire 40 percent stake in the project while ADWEA will retain the remaining 60 percent stake. The project involves expansion of the existing 625 Megawatt power generation plant and the water desalination unit with a production capacity of 100 million gallon per day in Fujairah. The project company will add 225 Megawatt capacity to the existing power plant.
ADWEA has successfully pursued a privatisation programme which has so far attracted Dh40 billion worth of foreign investments. Tang Kin Fei said that Sembcorp was proud to become ADWEA's strategic partner in such a vital project. Commercial operation of the project is scheduled to begin in 2008. (Emirates News Agency, WAM)
|23 November 2015||DEWA hosts 30 initiatives and activities during Innovation Week|
|01 November 2015||DEWA to build smart grid station with Korea Electric Power Corporation, KEPCO|
|29 October 2015||UAE ranks 1st in MENA and 4th globally in getting electricity as per World Bank’s 'Doing Business 2016'|
|21 October 2015||TAQA completes Ghana power plant expansion|
|18 October 2015||DEWA participates in 11th Women’s Forum in France|