Pricing concerns remain over Shuweihat 2 financing
- From: Vol 10, Issue 6 (June 2009)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: Abu Dhabi Water and Electricity Authority , Arab Bank, BayernLB, Calyon, Dexia, First Energy Bank, GdF Suez Energy International, HSBC, Islamic Bank of Asia, Japan Bank for International Cooperation, Marubeni and Natixis
The arrival of Marubeni and JBIC will boost efforts to secure financing for Abu Dhabi's latest IWPP. Recent precedents are expected to guide pricing.
The sponsors of the Shuweihat 2 IWPP in Abu Dhabi are seeking too aggressive a price for the $1.1 billion of long-term international bank debt they will need in order to close the financing of the project, according to bankers who have been approached over the deal.
The amount of debt required from commercial banks halved from $2.2 ...
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