A Yemeni government delegation travelled to Athens on Sunday to negotiate with the US firm Delma on the construction of a $500-million power plant, the official news agency SABA reported.
The gas-powered plant in Marib, eastern Yemen, is due to go on line in 2003 and will be the country's first private power station.
With a 400-megawatt capacity, it will double Yemen's electricity production, Deputy Electricity Minister Ahmad Hussein al-Aini said, quoted by SABA. He said the half-billion-dollar price tag covered the plant's construction and its linkage to the electricity network.
The venture is being set up by Delmon Power Co. and the Athens-based Consolidated Contractors International Co. (CCC) with foreign participation in "conception, management and commercialisation", said Aini.
The meeting with Delma was due to take place in Yemen but the venue was switched to Greece following a travel warning issued by the US State Department after the October 12 bomb attack on the USS Cole in Aden.
The negotiations are expected to focus on a power purchase agreement, implementation of the project, fuel supply and property, according to the Middle East Economic Digest. Yemen has proven gas reserves of around 300 billion cubic metres (10.2 trillion cubic feet), concentrated in Marib.—AFP
©--Agence France Presse.
© 2000 Mena Report (www.menareport.com)