Chinese support nudges Salalah towards January financial close
- From: Vol 10, Issue 12 (December 2009)
- Category: General
- Region: Middle East
- Country: China and Oman
- Related Companies: Asian Development Bank , Bank Muscat, Bank of China, China Exim Bank, China Export & Credit Insurance Corporation, KfW, National Bank of Oman, Shearman & Sterling, SMBC and Standard Chartered Bank
The Salalah IWPP is on course to reach financial close in January. It features the largest ever Chinese contribution to a Gulf power and water project.
Chinese entities feature strongly in the final line-up of banks which had committed to funding the $1 billion Salalah independent water and power project by late November. With commitments from eight international and local banks in the bag, developer Sembcorp expects to close the $750 million debt package for the 68,190m3/d and 445MW Omani project by mid-January, after ...
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