Thu, Dec 12, 2024 | Jumada al-Aakhirah 11, 1446 | DXB ktweather icon0°C

To sell 40pc stake in Emirates Power to Japan's Marubeni

Top Stories

NEW YORK — Abu Dhabi National Energy Co., a United Arab Emirates-based investor in the energy industry, agreed to sell a 40 per cent stake in Emirates CMS Power Co. to Japan's Marubeni Corp. for $140 million.

Published: Tue 2 Oct 2007, 8:53 AM

Updated: Sat 4 Apr 2015, 11:23 PM

  • By
  • (Bloomberg)

The deal includes the sale of all of Taweelah A2 Operating LLC, which is responsible for the management, operation and maintenance of the Taweelah A2 power plant, Abu Dhabi National Energy, also know as TAQA, said in a statement posted on the Abu Dhabi Securities Market Web site yesterday.



Next Story