DEWA seeks finance
Dubai Electricity & Water Authority (DEWA) is seeking financing proposals for its latest power and water scheme – the US$1.5bn Hassyan project. However, the utility is not asking for independent water and power project (IWPP) style bids. It is seeking export credit agency (ECA) style financing that will be directly procured by DEWA. An ECA style financing was closed just before the holidays for a plant with Sace and a group of international banks.
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