POWER AND WATER
- From: Vol 10, Issue 6 (June 2009)
- Category: Need to know
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: Japan Bank for International Cooperation, Marafiq and Saline Water Conversion Corporation
* Financial close of Abu Dhabi’s Shuweihat 2 independent water and power project, expected in July, would be the first long-term project finance deal executed in 2009.
* JBIC have come to the rescue to the tune of $1.1 billion; half of the long-term debt package required. The emirate’s next IWPP will be at Taweelah rather than Shuweihat. The site is better located to supply areas where demand growth is expected to be greatest. There are issues with Taweelah intake/outfall however (see p19).
* Meanwhile across ...
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