July 24, 2008
Government of Ajman, MMC Sign $2 Billion Agreement for 1,000MW Power Plant
The government of the Emirate of Ajman and Malaysian engineering firm MMC have signed a $2 billion agreement to construct a 1,000MW power plant in Ajman, according to Emirates Business.
The news source reported that the coal-fired power plant is expected to supply new real estate developments with electricity, especially the Al Zorah development and other projects on the Emirates Road.
Two additional plants operated for the United Arab Emirates's Federal Electricity and Water Authority (FEWA) by MMC, are expected to become operational in the next few months time.
The FEWA has reportedly signed a pact with MMC to limit power tariffs to about 10% extra of the average prices in the emirates of Sharjah and Umm Al Quwain.