QEWC Secures $450Mn Funding For Desalination
Qatar Electricity and Water Company (QEWC) has secured a $450mn financing package with four Qatari banks for development of the Ras Abu Fontas A2 desalination plant, which it says will represent 10% of Qatar’s water production capacity when it starts operations in June 2015. The total cost of the plant is estimated at $500mn. QEWC awarded a turnkey project for the plant in January to Japan’s Mitsubishi...
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