Fujairah financing approaches close
- From: Vol 7, Issue 10 (October 2006)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: Barclays Capital, SembCorp Utilities and Société Générale
SG and Barclays Capital are on the verge of closing the financing for SembCorp’s acquisition of the IWPP. The path has been far from smooth, however.
Financial close of the $1.5 billion facility which has been arranged to fund
SembCorp Utilities\' acquisition of the Fujairah IWPP is expected by the end of the month, despite concerns about the plant’s operational record, and a widespread feeling that the loan pricing was on the aggressive side.
The plant – the first major IWPP to use a hybrid ...
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