VOL. XLIII
No. 29
17-July-2000
PALESTINE
Palestines First IPP Secures $90Mn From Arab Bank-Led Consortium
Palestines first independent power plant (IPP) secured a $90mn loan facility from the Arab Bank on 26 June the largest facility of its kind to date for a Palestinian infrastructure project and the first such project finance transaction in Gaza. The loan agreement was signed by Shukri Bishara of the Arab Bank and respective officials of the project sponsors, Palestine Electric Company (PEC)...
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