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The Project Company, Shuweihat CMS International Power Company (“SCIPCo”), has three Shareholders:

  • ADWEA holds 6% and Taqa holds 54% of the shares of SCIPCo through a wholly owned subsidiary known as Shuweihat Power Company.

  • Shuweihat LP holds 40% of the shares of SCIPCo.

  • CMS Energy Corporation (“CMS Energy”) holds 20% of SCIPCo though its 50% ownership of Shuweihat LP, while International Power plc holds 20% of SCIPCo though its 50% ownership of Shuweihat LP.
 

ADWEA is established as an authority of the Government having responsibility for the formulation, development and implementation of the Government’s policy in relation to the water and power industries. This includes the implementation of the privatisation process. ADWEA is responsible for the appointment of the management of ADWEC and TRANSCO and for the formulation of policy for these entities, but does not have day-to-day operational decision-making responsibilities.

CMS Energy has annual sales of approximately $14 billion and assets of approximately $18 billion throughout the U.S. and in selected foreign markets. The company's principal subsidiary is Consumers Energy, the largest utility in Michigan and the fifth largest gas and 12th largest electric utility in the U.S. CMS Energy is an integrated energy company with assets in the following sectors:

  • Electric utility operations

  • Natural gas utility operations

  • Independent power production

  • Natural gas pipelines, gathering, processing and storage

  • LNG importation

  • Oil and gas exploration and production

  • Energy marketing, services and trading

CMS Generation Co. (“CMS Generation”), the independent power production business unit, accounts for 18% of CMS Energy’s pre-tax operating income and 11% of revenues. CMS Generation has 10,891MW in operation of which 8,499MW relate to international projects. CMS Generation is a 40% shareholder in the 720MW and 50MIGD Taweelah A2 project in Abu Dhabi that is now in commercial operation. The Taweelah A2 project was completed within budget and according to schedule.

International Power plc (“International Power”) is one of the world’s largest international independent power developers and is active in all phases of the power generation value chain, including development, construction and operation. International Power has interests in 11,200MW (net) of plant consisting of 8,850MW (net) in operation, 2,350MW (net) under construction and a number of projects at an advanced stage of development across the globe. In the year to March 2000, International Power had pro-forma profit before interest, tax and exceptional items of £191 million.
 
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