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...
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