Fujairah Asia Power Company PJSC (“FAPCo”) was established on 23rd October 2007 as a Private Joint Stock Company within the United Arab Emirates (“UAE”).
Sixty percent (60%) of the equity in the Company is held by the Fujairah Water and Electricity Company ("FWEC": a wholly owned subsidiary of ADWEA), with the remaining forty percent (40%) held by Fujairah F2 CV (“F2CV”) a Limited Partnership Company - in turn owned on a 50:50 basis by offshore subsidiaries of Engie and Marubeni Corporation (“MC”).
A Shareholder’s Agreement between F2CV and FWEC governs the relationship between the shareholders, and provides the corporate structure for the management and operation of the affairs of the Company.
