[Excerpt: A joint venture would be set up to run the facilities starting April, with the consortium taking a 40-percent stake and the ADWEA the remaining 60 percent. Marubeni formed a consortium with Japanese engineering firm JGC Corp., BTU Power Co. of the United States and Malaysian power producer PowerTeck Bhd, to compete for the deal.] _http://wam.org.ae/NASApp/cs/ContentServer?GXHC_JSESSIONID=1891f55aa36c5b46&pa gename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews&c=WamLocEnews&cid=1103626182961&p= 1041248621847_ (http://wam.org.ae/NASApp/cs/ContentServer?GXHC_JSESSIONID=1891f55aa36c5b46&pagename=WAM/WamLocEnews/W-T-LEN-FullNews&c=WamLocEnews&cid=11036 26182961&p=1041248621847) Marubeni-led group wins three billion dollar power, water project in Abu Dhabi Jan 5, 2005 - 11:17 - Marubeni-led group wins three billion dollar power, water project in Abu Dhabi Tokoyo, 5 Jan 2005(WAM)--Japanese Marubeni Corp. announced here today that the group that it leads has won a three billion dollar power generation and water desalination project in Abu Dhabi. The consortium will build a one-million-kilowatt thermal power plant and a plant that can produce 300,000 tonnes of water daily in the Taweelah complex by July 2008, the company said in a statement. Under a 20-year contract with the Abu Dhabi Water and Electricity Authority (ADWEA), the consortium would also buy an existing Taweelah one-million-kilowatt thermal power plant and a plant that produces 450,000 tonnes of water daily. A joint venture would be set up to run the facilities starting April, with the consortium taking a 40-percent stake and the ADWEA the remaining 60 percent. Marubeni formed a consortium with Japanese engineering firm JGC Corp., BTU Power Co. of the United States and Malaysian power producer PowerTeck Bhd, to compete for the deal. WAM/MA 22 37 CCCCQQE enditem
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