Coming to terms with Shuweihat 2
- From: Vol 10, Issue 8 (August 2009)
- Category: General
- Region: Middle East
- Country:
- Related Companies: Abu Dhabi Water and Electricity Authority , Bank of Tokyo-Mitsubishi, GdF Suez, Japan Bank for International Cooperation, Marubeni, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corporation
The terms of the financing package for the Shuweihat 2 IWPP are still hanging in the balance. A lack of consensus could mean the project goes down the public procurement route.
The future of the planned $2.2 billion long-term financing for the 459,000m3/d & 1700 MW Shuweihat 2 IWPP in Abu Dhabi was still hanging in the balance as GWI went to press, as the project sponsors continued to haggle over terms with international banks.
As the deadline for putting the 22-year debt package in place drew closer (notionally ...
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