Taweelah B closes with a little help from Japan
- From: Vol 6, Issue 5 (May 2005)
- Category: General
- Region: Middle East
- Country:
- Related Companies: BNP Paribas, BTU Power, JGC Corporation, KfW, Marubeni, Powertek Bhd and Standard Chartered Bank
JBIC is putting up a colossal $1.2 billion to supplement the project’s commercial funds. It is a sign that the bank means business in the Middle East power and water market.
The largest power and desalination project financing to date in the Middle East was closed last month with the signing of the financial facilities agreement for Abu Dhabi’s Taweelah B IWPP. The project is being financed with a $2.11 billion loan provided by the Japan Bank for International Cooperation (JBIC) and a syndicate of 15 international and regional ...
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