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ECAs provide strong support to DEWA IPP bids
10 January 2012
Export credit agencies are providing solid support to the bids to develop Dubai’s first independent power project as financing structures shift following the Eurozone crisis.
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ECA project financing
DEWA
IPP
IWPP
Dubai
Kexim
Ksure
JBIC
Euler Hermes
Four bidding teams for the $1.3 billion 1.6GW Hassyan 1 gas-fired plant, Dubai’s first independent power project (IPP), have strong support from export credit agencies.
The four consortia bidding for the project are: Marubeni, the UAE’s TAQA and SK; Siemens Power, Qatar Electricity and Water Authority (QEWC) and Qatar Petroleum International (QPI); ACWA,...
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