NEW DIRECTIONS IN THE GULF
- From: Vol 10, Issue 12 (December 2009)
- Category: Need to know
- Country: Bahrain, China and Saudi Arabia
- Related Companies: ACWA Power, AES, Bank of China, China Export & Credit Insurance Corporation, Dubai Electricity and Water Authority , Hyflux, KfW, Saline Water Conversion Corporation, Shandong Electric Power Construction Corporation, SMBC and The China Development Bank
* China has made a bold step into the power and desal market by financing a sizeable chunk of the Salalah independent water and power project in Oman.
Bank of China and the China Development Bank have joined SMBC of Japan, German development bank KfW and Standard Chartered in support of the $750 million debt package. The Chinese commitments have been insured by the China Export & Credit Insurance Corporation. The Shandong Electric Power Corporation is doing the EPC wrap on the project, with Hyflux of Singapore providing the ...
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