Yemeni private power report due in October

12 August 2008
The International Finance Corporation (IFC), a division of the World Bank, is expected to complete its study on how Yemen should proceed with independent power projects (IPPs) by October, according to an industry source.

According to a source at the state-owned Public Electricity Corporation (PEC), existing plans to build an IPP at Mabar could also be incorporated into the scheme.

In 2006, a consortium of The Netherland's Litwin, Turkey's Gama Energy and the local Al-Fahem Group received an exclusive mandate from the Electricity Ministry to develop the Mabar IPP.

Doubts over the fate of the Mabar project were raised in April, when it emerged that Gama had pulled out of the project. According to a project source, a UAE company has replaced Gama in the consortium. However, integrating the Mabar project into the IFC process could delay the scheme, particularly if PEC decides to offer it to developers through an open tender (MEED 6:6:08).

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