Marubeni in line for Taweelah B
- From: Vol 5, Issue 8 (August 2004)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: ANZ Investment Bank, BNP Paribas, BTU Ventures, Carthage Power Co, Dubai Islamic Bank, Fisia Italimpianti, International Power, JGC Corporation, Marubeni, Powertek Bhd, Siemens, Tanjong Group and Tractebel
The Japanese company has a strong preference for Abu Dhabi deals. It is on course to pick up its first one in the power and water field – ADWEA’s mammoth Taweelah B project.
At the start of July, a consortium led by Japan’s Marubeni Corporation submitted the best offer for ADWEA’s Taweelah B project. The consortium proposed a price of $1.69 billion for the existing plant, which it must expand to capacities of 2,000MW and 160MIGD, narrowly putting it ahead of a rival bid of $1.59 billion from ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
