Middle East Economic Survey


No 41



HSBC And Emirates NBD Lend $200Mn For DEWA IPP

HSBC and Emirates NBD revealed at the end of September that they will lend up to $100mn apiece to finance the Dubai Electricity and Water Authoritys (DEWAs) first independent power project (IPP). The two loans will be offered to the bid consortium which wins the tender to develop the 1.5gw Hassyan-1 project. The money will be available for a payback period from 15 to 23 years. Usually...