WONTHAGGI PROJECT FINANCING CLOSE
- From: Vol 10, Issue 8 (August 2009)
- Category: Need to know
- Region: Unspecified
- Country:
- Related Companies: Befesa, Macquarie, Marafiq, Suez Environment and Thiess
The consortium of Suez Environnement, Thiess and Macquarie Capital won the race for Wonthaggi – Australia’s first desalination BOT – at the end of July, and is looking to close the A$4.5 billion (US$4 billion) financing by 4th September.
* It is a monstrous amount of money – the biggest desal financing in the world by a large margin. The previous record was $2.9 billion for the 800,000m3/d Marafiq Jubail project – but for that amount you get nearly twice as much water, and a 2,500MW power station thrown in for free.
* Just as Saudi Arabia steps back ...
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