DESAL PROGRESS
- From: Vol 12, Issue 7 (July 2011)
- Category: Need to know
- Region: Unspecified
- Country: Qatar and Singapore
- Related Companies: DBS Bank, Hyflux, Mizuho Corporate Bank, Poseidon Resources, Qatar Electricity & Water Company and Sumitomo Mitsui Banking Corporation
Hyflux has closed the financing for its 318,500m3/d Tuaspring desalination project.
The deal involved raising S$150 million (US$122 million) from three banks: DBS Bank, Mizuho Corporate Bank, and Sumitomo Mitsui Banking Corporation. The difficult part is still to come. It now has to raise the money for the 411MW power portion of the S$890 million (US$731 million) power and water project. This will be more tricky. Tuaspring ...
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