Middle East Economic Survey
VOL. LIII
No 20
17-May-2010
UAE
TAQA Negotiating To Take Most Of ADWEAs Stake In Shuweihat-2
Abu Dhabi National Energy Company (TAQA) is negotiating to buy 90% of the Abu Dhabi Water and Electricity Authority (ADWEA) equity stake in the Shuweihat-2 power and water plant. Reports estimate the proposed price at $200-300mn. The purchase will involve TAQAs taking ADWEAs share in Ruwais Power Holding Company, which owns 60% of Shuweihat-2. Added to TAQAs existing interest,...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!