International Water and Energy Works Company (“ACWA Power”) announces the financial closing and completion of the acquisition of the first set of assets for the gasification and integrated combined cycle project in Jazan.

International Water and Energy Works Company (“ACWA Power”) announces the financial closing and completion of the acquisition of the first set of assets for the gasification and integrated combined cycle project in Jazan.
International Water and Energy Works Company (“ACWA Power”) announces the financial closing and completion of the acquisition of the first set of assets for the gasification and integrated combined cycle project in Jazan.
Ad details International Water and Power Works Corporation (“ACWA Power”) announces the financial closing of a major debt facility of US$7.2 billion for the gasification and integrated combined cycle project in Jizan. This joint venture brings together Aramco, ACWA Power, Air Products and Air Products Qora, where ACWA Power owns 25% of its total shares. This step comes after signing the agreements to acquire assets and finance the project, which were announced on September 27, 2021. . The project includes the acquisition of a first set of assets worth $12 billion by Aramco on the gasification unit and the integrated combined cycle, which was completed today. years with Aramco.

The financial closure of the main debt facilities was completed on October 18, 2021, amounting to $ 7.2 billion, which was arranged on the basis of a non-recourse project financing loan, and a group of financiers participated in it, including: Abu Dhabi Commercial Bank, Alinma Bank, Al Rajhi Bank, APICORP, Bank Al-Jazira, Bank Albilad, Bank of China, Banque Saudi Fransi, DZ Bank, First Abu Dhabi Bank, Intesa, JP Morgan Chase, Korea Development Bank, Mizuho Bank, Mitsubishi UFG Financial Group MUFG Natixis, Riyad Bank, SABB, Samsung Life, Samsung Securities, National Bank of Saudi Arabia, Saudi Industrial Development Fund, Sumitomo Mitsui Banking Corporation (SMBC), Standard Chartered Bank.

 
For Latest Updates Follow us on Google News
 

NEXT ATM cash withdrawals drop 5% in the third quarter