Marubeni’s change of heart
- From: Vol 6, Issue 11 (November 2005)
- Category: General
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: ACWA Power, AES Oasis, International Power, Itochu, JGC Corporation, Marubeni, Mitsubishi, Saudi Aramco, Suez and Sumitomo
In 2004, the Japanese company would have nothing to do with Saudi deals. Since then it has agreed to develop a power and water plant for the Rabigh refinery and is looking like a serious contender for the Shuqaiq IWPP.
In a 2004 interview with GWI, president of Marubeni Europower Masumi Kakinoki ruled out his company’s participation in Saudi Arabian IWPPs. At the time, the Japanese company had just been named first-ranked bidder for Abu Dhabi’s Taweelah B project and Kakinoki was eager to point out the differences between the two markets.
Abu Dhabi offered an investment grade ...
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
