Shuqaiq closes in record time
- From: Vol 8, Issue 3 (March 2007)
- Category: General
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: ACWA Power and Standard & Poor’s
Financing power and water projects in Saudi Arabia has become slightly cheaper over the past year.
The ACWA Power Projects consortium has completed the financing of its $1.834 billion Shuqaiq independent water and power project. There remain just a few conditions precedent (CP) to be resolved before the draw-down of funds can start. The financing shows an improvement of between 5 and 10 basis points on the financing of Saudi Arabia’s first IWPP at ...
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