Business
TAQA And Partners Announce Full Commercial Operations Of Fujairah F3 IPP Project
TAQA And Partners Announce Full Commercial Operations Of Fujairah F3 IPP Project
About this update from Taqa Arabia
ABU DHABI NATIONAL ENERGY COMPANY PJSC ADX:TAQA:TAQA, EWEC, MARUBENI CORPORATION, MUBADALA, HOKURIKU ELECTRIC POWER CO ANNOUNCE FULL COMMERCIAL OPERATIONS OF FUJAIRAH F3 INDEPENDENT POWER PRODUCER PROJECTDEVELOPED 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)