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Update: Shuweihat 3 financing closes
16 May 2011
JBIC and KEXIM, alongside syndicates of commercial banks, have closed financing for the 1600 MW Shuweihat 3 power plant in the United Arab Emirates.
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export credit agency
eca
JBIC
Kexim
Shuweihat 3
SAPCO
United Arab Emirates power plant
ADWEA
Japanese and Korean export credit agencies, JBIC and KEXIM, have provided $400 million each towards the construction of the $1.45 billion Shuweihat 3 natural gas-fired combined thermal power plant in the UAE.
The project sponsors SAPCO, a joint venture between Abu Dhabi Electricity and Water Authority (ADWEA), Sumitomo Corporation and Korea Electric Power Corporation (KEPCO), are seeking...
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