VOL. XLIV

No 35

27-August-2001

UAE

Ras AbuFontas B $160Mn Facility Signed In London

The $160mn syndicated loan agreement for the QatarElectricity and Water Company (QEWC) Ras Abu Fontas B electricity/desalinationplant was signed with a consortium of eight banks in London on 15 August. Asource at the Royal Bank of Scotland, which is acting as financial advisor tothe project, told MEES that in thefinal transaction all eight banks took and held $20mn, thereby obviating theneed for general...