almotamar.net - Al-Utaibah & Rawas Emirates Group intends to construct investment projects in Yemen in areas pf electricity, water desalination, petrochemicals and communications at a cost estimated at $ one billion.

The Utaibah Group�s Board of Directors Chairman Sheikh Abdulsallam al-Rawas said �We have come to Yemen for investment in energy through building a power generating station with capacity of 300 MEGAWATT according to BOT system or that of BOO, in addition to investment in the area of water desalination.�

He said his group has conducted feasibility study and hope to make other studies either individually or in cooperation with the state. He said a foreign company had previously conducted a study of feasibility for this project but its results are not compatible with results of the study we conducted as European companies operate in a different system not similar to the American systems. That necessitates giving opportunity to our company to study what is convenient with the nature of its work and capabilities.

Saba news agency also quoted al-Rawas as saying that they have learnt that the Yemeni government has the intention to produce 1400 MEGAWATT of electric power and putting g 200 MEGAWATT to investment and that they are ready to produce the total power, i.e. production of 3400 MEGAWATT with specifications the government requires, whether through gas stations or stations operated by solar energy.

Regarding investment in water desalination al-Rawas said they presented to government officials an offer for investment in this field under the system of BOB included all information, capabilities and equipment the group possesses in this regard and they are waiting for the re[ply.