VOL. XLVI

No 18

05-May-2003

UAE

International Power Spells Out Umm al-Nar Power/Water BOOT Development Deal

The UK’s International Power, in a statement on 22 April, spelt out the details of the $2.1bn project under which it and two other firms – the Tokyo Electric Power Company (TEPCO) and Mitsui – will acquire a 40% stake in and develop the Umm al-Nar power station/desalination in Abu Dhabi on a build, operate, own, transfer (BOOT) basis (MEES, 15 April). The...