Warm welcome for IWPP bond refinancing plan
- From: Vol 12, Issue 10 (October 2011)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: Abu Dhabi Water and Electricity Authority , HSBC, International Power and Marubeni
The developers of the Shuweihat 2 project are looking to the bond markets to refinance the original commercial loan. The move could help broaden the investor base for power and water assets in the region.
The decision by the owners of the Shuweihat 2 IWPP to issue a bond to cover part of a $2.2 billion refinancing deal could mark the start of a shift away from the traditional reliance on commercial bank debt to support power and water projects in the Middle East.
The Abu Dhabi Water & Electricity Authority (ADWEA), which owns a ...
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