Salalah debt closing delayed
- From: Vol 11, Issue 3 (March 2010)
- Category: General
- Region: Middle East
- Country: Oman
- Related Companies: Bank of China, China Development Bank, Oman Power and Water Procurement Company, SembCorp Utilities and Standard Chartered Bank
Despite breaking ground back in February, financial close has still not been reached on the Salalah on IWPP in Oman. The deal structure is complex.
The financial close of $1.1 billion of bank debt for the 68,200m3/d & 445MW independent water and power project at Salalah in Oman has been delayed, the project’s lead developer Sembcorp confirmed in early March.
The company staged a high-profile ground-breaking ceremony for the project on 10 February, but had still not closed the financing package three ...
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