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8002 — Marubeni News Story

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Brief: TAQA And Partners Announce Full Commercial Operations Of Fujairah F3 IPP Project

Oct 27 (Reuters) - ABU DHABI NATIONAL ENERGY COMPANY PJSC TAQA.AD:

TAQA, EWEC, MARUBENI CORPORATION, MUBADALA, HOKURIKU ELECTRIC POWER CO ANNOUNCE FULL COMMERCIAL OPERATIONS OF FUJAIRAH F3 INDEPENDENT POWER PRODUCER PROJECT

DEVELOPED UNDER THE IPP MODEL, TAQA OWNS A 40% STAKE IN THE PROJECT COMPANY, MARUBENI CORPORATION 20.4%, MUBADALA 20% AND HOKURIKU ELECTRIC POWER THE REMAINING 19.6%

EWEC IS THE SOLE PROCURER OF ELECTRICITY FROM THE PROJECT, UNDER A LONG-TERM POWER PURCHASE AGREEMENT (PPA)

Further company coverage: TAQA.AD

 ((Reuters.Briefs@thomsonreuters.com;))

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