November 20, 2008

Ajman to set up power plant with Malaysian help

Emirates News Agency reported that Sheikh Huamid bin Rashid Al Nuaimi Supreme Council member and Ruler of Ajman signed an agreement between the Ajman government and MMC of Malaysia to set up in Ajman a 1000 MW power plant at a total cost of USD 2 billion.

As per report, the agreement was signed by Sheikh Rashid bin Humaid Al Nuaimi chairman of Ajman Department of Municipality and Planning for the Ajman government and Mr Ernest Nevaratnam head of investment and projects MMC Malaysia.

In a statement after the signing of the agreement, Sheikh Rashid said that the main aim of establishing the coal driven power plant is to provide enough electricity to the new real estate projects that would be executed in the near future in Ajman, adding that the power plant would be completed within a maximum period of three and a half years.

He hinted that two power plants built by the Federal Electricity and Water Authority will start operating in the next few months to provide electricity to the completed building projects until the new power plant projects is completed by MMC Malaysia, which will fund the project on a build, operate and transfer basis in 20 years time.