Middle East Economic Survey
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%...