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...