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Update: SEC’s Qurayyah closes
08 December 2011
Financing for Saudi Electric Company’s Qurayyah, the world’s largest independent power project, has closed after initial delays.
Read more:
export credit agency
eca
SEC
Qurayyah
US Ex-Im
Euler Hermes
Kexim
Acwa
Saudi Arabia
The $2.071 billion debt financing for the 3927MW Qurayyah power project, a venture sponsored by Saudi Electric Company and an Acwa-led consortium, has closed.
Three export credit agencies – US Ex-Im, Euler Hermes and Kexim – are backing the world’s largest independent power project which was initially scheduled to close on 1 November.
The project - SEC’s third IPP - is being...
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