VOL. XLI
No. 40
5-October-1998
UAE
UAEs First Independent Power Company Formed
The UAEs first independent power company has been formed in AbuDhabi with an initial capital of Dh408.4mn ($111.3mn). The Emirates CMS Power Company is ajoint venture between the US-based CMS Energy and the newly-created Emirates Power Company(EPC). The joint venture will undertake the building and operation of the Taweelah powerand desalination plant, which will generate up to 580 megawatts/day of electricity and...
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