Middle East Economic Survey

VOL. XLVIII

No 7

14-February-2005

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Taweelah B Financing Agreement Set For Signing In March

The financing agreement for the Taweelah B power/desalination project is expected to be signed in March, MEES understands. Following the finalization of the power and water purchase agreement (PWPA) towards the end of January (MEES, 24 January) the project financing has been going through the documentation phase. The three leading banks on the project, underwriters BNP Paribas,...