posted on 04/10/2012: 494 views
Utico Middle East and Shanghai Electric, the world's largest coal power company, announced on Wednesday a joint collaboration to establish the world's greenest coal-fired power plant in Ras Al Khaimah.
An agreement to this effect was signed in Ras Al Khaimah between Rashid Mehran Al Baloushi, chairman of Utico Middle East, and Han Youtian, vice-chairman of Shanghai Electric, in the presence of high-ranking authorities from the Ras Al Khaimah government.
Supported by the Ras Al Khaimah government, the Dh1.5 billion venture is expected to be completed in 2015 and will generate 270 MW of power when fully functional.
The event was held on the sidelines of the Global IWPP (Independent Water & Power Plant) Summit, which concluded in the emirate on Wednesday and was attended by over 150 high-ranking delegates and professionals from 25 countries at Al Hamra Convention Centre, Ras Al Khaimah. – Khaleej Times
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