ADWEA inks Taweelah B agreements
- From: Vol 6, Issue 2 (February 2005)
- Category: General
- Region: Middle East
- Country: Qatar and United Arab Emirates
- Related Companies: Abu Dhabi Commercial Bank, Bank of Tokyo-Mitsubishi, Bayerische Landesbank, BNP Paribas, BTU Power, Calyon, First Gulf Bank, Fisia Italimpianti, HSBC, JGC Corporation, KBC Bank NV, KfW, Marubeni, Mitsui & Co., Mizuho Corporate Bank, National Bank of Abu Dhabi, Powertek Bhd, Qatar National Bank, Royal Bank of Scotland, Siemens, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation
A $2 billion limited recourse debt package is now being put together to pay for the Gulf’s biggest water project.
The Taweelah B project documents, including a long-term power and water purchase agreement, were signed in Abu Dhabi last month by ADWEA and the Marubeni-led consortium that will own, operate and expand the 1,000MW and 95MIGD (430,000m3/d) facility. Taweelah B is Abu Dhabi’s fifth IWPP and the largest to date.
The capacity of the existing ...
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