UAE’s Emirates Water & Electricity Company (EWEC) has assigned the project Fujairah F3 Independent Power Project.
The project has been assigned to Japan-based Marubeni Corporation.
The F3 plant will have a production capacity of 2,400MW and will be located at the Fujairah power and water complex, 302 kilometers north of Abu Dhabi.
Earlier, during October 2019, EWEC received a total of 6 proposals from the developers.
Marubeni, along with engineering, procurement, and construction (EPC) partner South Korea’s Samsung C&T, submitted the bid of AED16.812 fils per kilowatt-hour for the project.
Once the project commissioned, it will be the biggest independent thermal power plant in the UAE.
Emirates Water and Electricity Company, EWEC, Signed the project’s Power Purchase contract and Shareholders’ Agreement with The Abu Dhabi Power Corporation (ADPower) and Marubeni Corporation.
The signing function was attended by Jasim Husain Thabet, CEO and Managing Director of ADPower; Yoshiaki Yokota, COO of Marubeni Corporation’s Power Business Division, and Othman Al Ali, CEO of EWEC.
The Signing function was witnessed by Akihiko Nakajima, Ambassador of Japan to the UAE, along with Saif Mohamed Alhajeri, Chairman of the ADPower Board of Directors.
The Fujairah F3 Independent Power Project (IPP) project’s scope of work comprises the development, financing, construction, operation, maintenance and ownership of a combined cycle gas turbine power plant, together with associated infrastructure.
The new plant will be situated at the Fujairah water and electricity complex, between the existing Fujairah F1 and Fujairah F2 water and electricity plants,
Once the project is in operational, Fujairah F3’s capacity will be efficient to power the equivalent of 380,000 households.
The government of Abu Dhabi will indirectly own a 60 percent stake, while the left 40 percent will be owned by Marubeni Corporation.
The construction of the Fujairah F3 IPP project is expected to start soon to enable EWEC to deliver initial power by summer 2022, and full generation by summer 2023.