This article was last updated on May 26, 2022
The energy project development company Foster Co. FSZ is operating in Dubai and internationally with a focus on developing energy assets for the purpose of generating loan requirements of electricity.
Speaking during the signing of the deal, Foster Co. FSZ Chief Executive Officer Eng. Brett Ginns said the company will sell and install 2XTM2550 + GE power generation units in Wau.
He said the company intends to work diligently and timely to pursue the completion of an onsite power plant project in Western Bahr el Ghazal state capital, Wau.
The company agreed to respectively determine the scope of work for the installation of the power plant.
The have also agreed to negotiate in good faith an agreement within 14 days with an option to extend said deadline by 14 days or any other time as required by both parties.
The company agreed to takes responsibility to finance the project with introduction from Qatar National Bank.
Eng. Brett Ginns said their company will train local staff in the operation and maintenance of the new power generation plant with existing rights, benefits and seniority.
“The state government and the company acknowledged and agreed that they (indirectly) shall maintain transparency regarding financing, strategy and any part of the project.
The agreement was signed on behalf of the state government by Romano Ucu Lual, Director General for the Ministry of Physical Infrastructure and Urban construction and on behalf FOSTER CO. FSZ by Eng. Brett Ginns, the Chief Executive Officer.