VOL. XLV

No 36

9-September-2002

ABU DHABI

ADWEA Seeks $1.4Bn Loan For Umm Al-NarPower/Desalination Expansion Project

The Abu Dhabi Water and Electricity Authority (ADWEA) isseeking $1.4bn in limited recourse debt financing for the expansion of its Ummal-Nar electricity generation/water desalinationplant, according to bankers looking to be involved in the deal. They said thatbids are due to be submitted by 22 September and that ADWEA will reveal the winnerby the end of this year or early next...