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 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)