Business Services Industry
UAE: Joint venture construction plans for proposed $1,740,000,000 power and water desalination plant complex expansion project, ABU DHABI WATER & ELECTRICITY AUTHORITY (ADWEA) [UAE] & SEMBCORP. [Singapore] Order #: 088506.
WWP-Business Opportunities in Africa & the Middle East, August, 2006
PROJECT OVERVIEW
An Emirates/Singaporean joint venture recently signed an agreement regarding the development of the Fujairah power and water desalination complex. The partners in the planned undertaking include the local ABU DHABI WATER & ELECTRICITY AUTHORITY (ADWEA) and SEMBCORP. of Singapore.
According to the terms of the agreement, SEMBCORP will acquire a 40% stake in the project. The undertaking involves the expansion of the existing 625 Mw power station and the water desalination unit with a capacity of 100 million gallons per day.
The cost to complete the upgrade project has been estimated at about $1,740,000,000.
ADWEA is responsible for the generation and transmission of electricity as well as water desalination....
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