Middle East Economic Survey
VOL. XLVII
No 48
29-November-2004
OMAN
ENERGY FINANCE
Omans Sohar IWPP Reaches Financial Close
The Sohar Independent water and power project (IWPP) in Oman has achieved financial close as banks signed financial documents on 21 November to complete the $549mn funding, which is being supplied in the form of a term facility and equity bridge loan. The term facility, worth $409.255mn is made up of a base component of $382.5mn and another component of $26.755mn which can be...
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