VOL. XLV

No 37

16-September-2002

UAE

Refinancing For Taweelah A-2 Power/Desalination Project Remains On Hold

Therefinancing for Abu Dhabi痴 al-Taweelah A-2power/desalination project, which entered full commercial operation on 9October 2001 and was formally inaugurated on 16 April (MEES, 22 April), remains on hold, although it has not fully beenruled out, said banking sources. Some suggest refinancing in the currently lowinterest rate climate could secure a better deal from banks, especially given...