Fujairah 2 reaches financial close

International Power and Marubeni have taken ADWEA’s latest IWPP to financial close on schedule.

The Emirates’ largest greenfield IWPP (independent power and water project) was right on target, as it reached financial close on 13 December. The 130 MIGD (591,000m3/d) & 2000MW Fujairah 2 IWPP, which ADWEA will develop in partnership with International Power and Marubeni, will be ADWEA’s second IWPP to be located in the eastern emirate of Fujairah on the shores of the Gulf of...

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