ADPower Announces Building Of Largest Independent Thermal Power Plant In UAE
Mohammad Ali (@ChaudhryMAli88) Published February 16, 2020 | 05:00 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 16th Feb, 2020) The Abu Dhabi Power Corporation, ADPower, and Japan-based Marubeni Corporation, today announced the formation of a consortium to develop the Fujairah F3 independent power producer, IPP, project, which will be the largest independent thermal power plant to be operated in the UAE.
To mark the occasion, a ceremony was held at the headquarters of the Emirates Water and Electricity Company, EWEC, where the project’s Power Purchase Agreement and Shareholders’ Agreement was signed.
The ceremony was attended by Jasim Husain Thabet, CEO and Managing Director of ADPower; Yoshiaki Yokota, COO of Marubeni Corporation’s Power business Division, and Othman Al Ali, CEO of EWEC, and was witnessed by Akihiko Nakajima, Ambassador of Japan to the UAE, along with Saif Mohamed Alhajeri, Chairman of the ADPower board of Directors.
The Fujairah F3 IPP project includes the development, financing, construction, operation, maintenance and ownership of a combined cycle gas turbine power plant, together with associated infrastructure.
Located at the Fujairah water and electricity complex, between the existing Fujairah F1 and Fujairah F2 water and electricity plants, the Fujairah F3 IPP project will have a contracted power capacity of 2.
4GW, bringing ADPower’s current power generation capacity to 20.4GW. Once operational, Fujairah F3’s capacity will be able to power the equivalent of 380,000 households.
"Our ambition is to transform Abu Dhabi’s water and electricity sector into a reliable, efficient, sustainable and value-generating system that optimises our robust portfolio of assets and creates unique partnership opportunities. The F3 IPP Project represents a significant milestone in this journey, deploying world-class technology and efficiency standards to meet the UAE’s evolving power needs," said Thabet.
The project received six bids, which were opened in October at EWEC’s headquarters in Abu Dhabi.
Through this project, the government of Abu Dhabi will indirectly own a 60 percent stake, while the remaining 40 percent will be owned by Marubeni Corporation. The construction of the Fujairah F3 IPP project is expected to begin soon to enable EWEC to deliver initial power by summer 2022, and full generation by summer 2023.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
Record London close as oil prices drop on easing Middle East fears
TV tower in Kharkiv struck as Russia captured village
LCCI language courses from May 1
Governor for service oriented governance in Punjab
Survivors tell of panic at C.Africa river boat disaster
Enrolment campaign, awareness walk held in Lower Chitral
“Say no to plastic- yes to tress” campaign kicks off in Attock
'PML-N secures people's trust in by-polls'
Girl dies as pole falls in street
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago