“Getting the last bank in” at Salalah
- From: Vol 10, Issue 2 (February 2009)
- Category: General
- Region: Middle East
- Country: Oman
- Related Companies: Coface, GdF Suez, International Power, Mitsui & Co., Oman Power and Water Procurement Company, SembCorp Utilities and Standard Chartered Bank
Sembcorp has been sounding out banks in an attempt to raise financing for the Salalah IWPP. It is facing an uphill battle.
Bankers are having serious doubts as to whether Sembcorp will be able to raise the $750 million of debt it is seeking for the Salalah independent water and power project in Oman.
The Oman Power and Water Procurement Company selected the Singapore-based developer as its preferred bidder for the IWPP in the final quarter of last year, but the proposed ...
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