Middle East Economic Survey
VOL. XLVII
No 22
31-May-2004
TUNISIA
UAEs BTU Power Buys Controlling Stake In Rades Power Plant
UAE-based BTU Power announced on 20 May it had bought a 60% interest in the Carthage Power Company, which owns and operates the 471mw gas-fired power plant at Rades in Tunisia, from PSEG Global. Marubeni Power Holdings will retain its 40% interest in the company. The Rades plant, the first independent power project in Tunisia, began operating in 2002 and provides more than 20%...
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