Middle East Economic Survey

VOL. L

No 18

30-Apr-2007

UAE

IP/Marubeni Low Bidders For Fujairah-2 IWPP

International Power/Marubeni are the low bidders to develop the Fujairah-2 independent water and power project (IWPP),MEES understands, following the opening of bids on 19 April. ADWEA will shortlist a maximum of three bidders by mid-May, recommend a preferred bidder in early June and look to sign the agreement to develop the project in mid-June, MEES further understands. IP/Marubeni bid Dh0.107/kw...