Salalah IWPP limps towards financial close
- From: Vol 10, Issue 11 (November 2009)
- Category: General
- Region: Middle East
- Country: Oman
- Related Companies: Bank Muscat, China Exim Bank, Gulf Investment Corporation, International Power, Mitsui & Co., Oman Investment Corporation, Oman Power and Water Procurement Company, SembCorp Utilities, Shandong Electric Power Construction Corporation and Standard Chartered Bank
Delays in the financing for the Salalah power and water project in Oman have been attributed to a lack of experience amongst those involved.
As GWI went to press, Sembcorp and its local partner were struggling to close a $750 million debt package for the 68,200m3/d (15MIGD) & 400MW IWPP at Salalah in Oman. The timing hinged on the provisional 15 November deadline for the joint venture to sign a concession agreement for the project with the Omani government.
The Singapore-based developer and ...
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