IP seeks Umm Al Nar funds
- From: Vol 4, Issue 5 (May 2003)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: ABN Amro, Abu Dhabi Islamic Bank, Bank of Tokyo-Mitsubishi, Citibank, Credit Lyonnais, First Gulf Bank, Gulf International Bank, Hitachi Zosen, HSBC, ING, International Power, Mitsui & Co., Mizuho Corporate Bank, National Bank of Abu Dhabi, Royal Bank of Scotland, Sumitomo, Tepco, Toshiba, Total and WestLB
An International Power consortium is aiming to raise around $1.2 billion of non-recourse project finance debt to fund Abu Dhabi’s Umm Al Nar plant.
The consortium led by the UK’s International Power (IP) is to tap the project finance market for non-recourse debt in the region of $1.2 billion to finance the acquisition and expansion of Abu Dhabi’s Umm Al Nar power and water plant.
The IP consortium – which includes Japan’s Tokyo Electric Power Company (Tepco) and Mitsui & Co., also ...
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