Middle East Economic Survey
VOL. LIII
No 51
20-Dec-2010
UAE/GENERAL
Shuweihat S3 Power Deal Suggests Dip In Financing Costs
The latest developments on the 1.6gw Shuweihat S3 independent power project (IPP) suggest that financing costs are coming down, MEES soundings indicate. Margins (the profits that banks make) on the financing are the lowest seen on power deals in the Gulf so far this year, and therefore also significantly undercut the 2009 deals which were signed in the aftermath of the...
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