The UAE will host Expo 2020!
  • Arabic
  • French
  • German
  • Spanish
Supported by the UAE National Media Council

ADWEA, Sembcorp sign agreement for Dh 6.4 billion Fujairah power plant

posted on 08/07/2006: 1178 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)

RELATED ARTICLES

21 May 2015 Empower achieved remarkable power saving of 836 MW in 2014
20 May 2015 DEWA completes cascading its Strategy 2021
14 May 2015 TAQA first quarter 2015 results
03 May 2015 DEWA reviews bids for first phase of Hassyan clean-coal power plant after receiving lowest international tariff
02 May 2015 DEWA participates in Expo Milan 2015