VOL. XLIV

No 30

23-July-2001

QATAR

Ras Abu Fontas B To Sign $160Mn Club Deal With EightBanks

QatarElectricity and Water Company (QEWC) has secured a $160mn loan facility from aconsortium of eight banks to finance the expansion of output at the Ras AbuFontas B electricity/desalination plant. MEESunderstands that BNP Paribas (documentation bank and facility agent), HSBC(security trustee), Credit Lyonnais, Bank of Tokyo Mitsubishi, Sumitomo, QatarNational Bank (QNB), Apicorp and Gulf International...