Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

GDF to sign USD1.5b water and power agreement with Abu Dhabi  Join our daily free Newsletter

MENAFN - 07/07/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) French utility GDF Suez said that it has signed a 25-year water and power contract with Abu Dhabi Water and Electricity Company its aim is to take advantage of the growing demand in the region, The Emirates 24/7 reported.

The Mirfa project will be built at a cost of about USD1.5 billion and will involve the acquisition of certain water and power facilities, the development, design, engineering and construction of new power and water facilities, and the operation of te plant, GDF Suez said.


"This new project will allow us to pursue our growth strategy in the region and to meet the increasing demand for both electricity and water in the United Arab Emirates," Chief Executive Gerard Mestrallet said in a statement.

GDF Suez has five power and water plants in operation in the UAE. Once the Mirfa project is completed, GDF Suez said it would operate 10.4 giga watts of power capacity and 2.77 million cubic meters a day of water capacity.

 
 


MENAFN




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help