JBIC pumps up the volume
- From: Vol 10, Issue 3 (March 2009)
- Category: General
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: Abu Dhabi Water and Electricity Authority , GdF Suez Energy International, Japan Bank for International Cooperation and Marubeni
Gulf power and water developers have become increasingly reliant on JBIC funding. A $5bn cash infusion from the Japanese government should help.
Since the Taweelah B independent water and power project reached financial close in 2005, the deep pockets of JBIC (Japan Bank for International Cooperation) have featured heavily in large-scale project finance deals in the Gulf region. In successive years since then, the bank has stepped in to part-finance IWPPs, often with loans well in excess of $1 billion (see table ...
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