RAK Power LLC, is an independent power producer (IPP) licensed in the Emirate of Ras Al Khaimah to provide sustainable and cost effective solutions for Electricity Generation and related utility services to meet the requirements of the Emirate of RAK's growth strategy that spans Industry, Real Estate, Tourism and other sectors.
Rak Power's shareholders are the Ras Al Khaimah Investment Authority (RAKIA) and EP Global Energy Ltd of Cyprus (a member of the Paraskevaides Group of Companies).
The RAK Power remit includes a number of pilot projects for the provision of power and related utilities at scale. The pilots deliver combined Wind-Fuel solutions, using innovative new power generation technologies.
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RAK Power to provide sustainable and cost effective solutions for electricity generation
- United Arab Emirates: Tuesday, May 08 - 2007 at 11:40
- PRESS RELEASE
RAK Power will deliver a mix of conventional and renewable power generation facilities that are both environmentally sustainable, and energy efficient, solutions for RAK's major developments.
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For further information please contact Creative Services Tel 04 2821112ABOUT RAKIA
The RAK Investment Authority was constituted under Emiri Decree No. (2)/2005 issued by H.H. Sheikh Saqr bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Ras Al khaimah (RAK) with a mandate to work towards reinforcing the investment climate in the Emirate and to promote its various economic sectors.
RAKIA is a semi-governmental body with financial and managerial independence. RAKIA has the brief of proposing investment policies, supervising their implementation, assessing economic feasibility studies pertaining to investment, and promoting developmental projects and investment opportunities, across economic sectors within RAK. Following this, RAKIA facilitates the processing of applications for new projects and supervises the set up and licensing of companies wishing to establish investment projects in RAK.
RAKIA may also partner investors who have the right profile and projects. The CEO of RAKIA is Dr. Khater Massaad, Advisor to His Highness the Crown Prince and Deputy Ruler of Ras Al Khaimah. RAKIA has a team of highly qualified professionals to help investors assess the feasibility and viability of projects and ensure that the promise of rich returns is a reality for all investors in RAK.
For further information please visit www.rakinvestmentauthority.com
ABOUT EP Global Energy Ltd
EP Global energy Ltd (EPGE) is a privately held venture development company active in Energy and related sectors and committed to delivering sustainable power generation projects. EPGE's Mission is to create real value for stakeholders by developing a strong portfolio of Power Generation Assets, comprised of a mix of Renewable and Fuel-based Conventional power generation. Our current geographical focus is Europe, the Middle East and Africa.
EPGE is a member of the PARASKEEVAIDES Group of Companies. For further information please visit www.epglobalenergy.com
Posted by Lara Lynn Golden, News EditorTuesday, May 08 - 2007 at 11:40 UAE local time (GMT+4)
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This article was updated on Mon May 14 2007.
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