MIPCO: Dubai's SHUAA sells 20% stake in Mirfa International Power and Water Company to Japanese investor

article author: Arab NewsAuthor: ARAB NEWSID: 1620305107334764700Thu, 2021-05-06 15:40 RIYADH: SHUAA Capital has sold its 20 percent equity stake in Mirfa International Power and Water Company (MIPCO), to Japan's Sojitz Corporation (Sojitz). MIPCO was established in 2014 under the Department of Energy's privatization program. The company developed and operates a power generation and seawater desalination plant in the Al Dhafra region of Abu Dhabi, with a 1600MW net power capacity and a 52.5 MIGD net water capacity. SHUAA did not disclose the purchase price.Main category: Business & Economy