Wed 01-03-2017 21:16 PM

Mubadala-Siemens alliance to lead study on building combined cycle power plant

DUBAI, 1st March, 2017 (WAM) -- The Federal Electricity and Water Authority, FEWA, has signed an agreement with Mubadala Investment Company, and Siemens, to study the technical and financial viability of building a 2,400 MWA combined cycle power plant.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Chairman of FEWA, attended the signing ceremony between Mohammed Mohammed Saleh, Director-General of FEWA, Karim Amin, Head of Siemens Oil & Gas Sales Unit, and Mohammed Al Shamsi, Senior Vice President at Mubadala.

''The project is the first in a series of water and power projects that FEWA will implement in partnership with the private sector,'' Al Mazrouei said.

''The developer will conduct the technical and financial feasibility study of the project and FEWA will be the main power purchaser,'' he explained.

''While supporting the power and water infrastructure, the project will be the most efficient in the UAE and the region, and will contribute towards reduction of production cost and carbon dioxide emissions as well as achievement of the National Agenda 2021,'' he stated.

Work on the project is expected to begin in February 2018, he added.

WAM/tfaham

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