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Thursday, 1 February 2018

Government to approve Al Nowais power station’s technical plans “within days”

The Electricity Ministry is expected to present the Ismail cabinet with the technical plans for Al Nowais’ Oyoun Mousa “clean coal” power station within days, a ministry source tells Al Mal. Negotiations over the project’s feed-in tariff rate should begin once the government signs off on the plans. The company’s proposed tariff ranges from USD 0.058-0.067 per kWh, officials told Al Borsa at the time. The cabinet had allocated land to the USD 4 bn project in December.

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