Middle East Economic Survey

VOL. XLVIII

No 18

2-May-2005

uae

UAE Looks To Develop Sixth IWPP As Taweelah-B Reaches Financial Close

Following the closure of an agreement between Taweelah Asia Power Company and financiers for funding of the Taweelah-B power/desalination plant last week, the UAE is now looking to develop further power projects, MEES understands. Financial close for the Dh11bn ($3bn) Taweelah-B was achieved on 25 April as the three leading banks and 12 sub-underwriters signed an...