Middle East Economic Survey

VOL. LII

No 2

12-Jan-2009

UAE

GDF Suez, ADWEA Secure Shuweihat S2 IWPP Bridge Loan

GDF Suez Energy International and partner Abu Dhabi Water and Electricity Authority (ADWEA) announced on 6 January that they have secured the $900mn financing facility for the Shuweihat S2 independent water and power project (IWPP). The banks committing to the deal include underwriters on the original project financing, Calyon, Bayersiche Landesbank and Natixis, and three new banks, which...