Marubeni, International Power to Open $2.8 Billion U.A.E. Site

Fujairah Asia Power Co., partly owned by International Power Plc of Britain and Japan’s Marubeni Corp., plans later this year to open a $2.8 billion power plant in the United Arab Emirates that will supply the world’s third-largest port for refueling ships.

The 2,000-megawatt F2 plant in Fujairah on the country’s eastern coast will use natural gas from Dolphin Energy Ltd., an Abu Dhabi state-controlled venture that started transporting gas in 2007 from neighboring Qatar to the U.A.E. and Oman.