United Arab Emirates, Fujairah, May 10, 2011 -- A facility on the Gulf of Oman that will produce almost 600,000 cubic meters of water and 2,000 MW of power per day has been officially inaugurated.
The Fujairah F2 Independent Power and Water Plant is owned by the Fujairah Asia Power Company, which is made up from International Power GDF Suez with 20% equity interest, Marubeni Corporation of Japan owning a further 20%, and 60% held between the Abu Dhabi Water and Electricity Authority and Abu Dhabi National Energy Company.
Electricity and water produced will be sold via a 20-year Power and Water Purchase Agreement to the Abu Dhabi Water and Electricity Company.
Shankar Krishnamoorthy, CEO and president of IPR - GDF SUEZ Middle East, Turkey & Africa, said: "This is the first inauguration in the Middle East since GDF SUEZ Energy International and International Power combined their businesses in February."
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