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$350m Solar Power Plant Coming in Abu Dhabi

The government of Abu Dhabi will build a $350-million solar power plant, the first of its kind in the world's biggest oil exporting region, an investor in the project said on Sunday.

The 500 megawatt plant, expected to begin operations in 2009, is part of Abu Dhabi's drive to cut dependence on hydrocarbon power generation, said Sultan al-Jaber, chief executive of state-owned Abu Dhabi Future Energy Co.

Future Energy, a subsidiary of government-owned Mubadala Development Co, and the Abu Dhabi Water & Electricity Authority will fund the plant with other investors.-
end post (via Trade Arabia News Service)

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