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AD sets up power companies
- United Arab Emirates: Wednesday, December 29 - 2004 at 08:19
Abu Dhabi has created two new power companies, reported Wam. Al Taweelah United Power will have a capital of USD354m and be wholly owned by the Abu Dhabi Water and Elecricity Authority, while the USD270m Taweelah Asia Power Company is to be 40 per cent owned by Asia-Gulf Power Holding Company and the balance by the Taweelah Power Company.
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Peter J. CooperWednesday, December 29 - 2004 at 08:19 UAE local time (GMT+4)
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