Middle East Economic Survey

VOL. L

No 41

08-October-2007

UAE

TAQA Sells 40% Of Emirates CMS Power To Marubeni

Abu Dhabi National Energy Company (TAQA) announced on 1 October it had sold 40% of Emirates CMS Power to Japans Marubeni for $140mn. The sale includes 100% of the Taweelah A2 Operating Company, which operates the 710mw, 50mn gallons/day power and desalination plant located 40km northeast of Abu Dhabi. TAQA had acquired a 54% stake in Emirates CMS Power from Abu Dhabi Water and Electricity...