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Discuss this article (2 Comments)$900mn secured for Abu Dhabi water plant
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 07 January 2009
WATER PLANT: $900 million financing has been secured for a new desalination plant in Abu Dhabi. (Getty Images)
GDF Suez has announced it has secured $900 million financing for the Shuweihat 2 power generation and water desalination project, in partnership with the Abu Dhabi Water and Electricity Authority (ADWEA).
The French energy group said lenders to the deal included Bayern LB, Calyon, KfW, Natixis, National Bank of Abu Dhabi and Standard Chartered.
Completion and start-up of the plan, which will deliver 1,500 MW of electricity generated from natural gas, and 454,610 cubic metres per day of water, is scheduled for 2011, the company said.
GDF Suez owns a 40 percent stake in Shuweihat 2, with its partner ADWEA owning the remainder. (Reuters)
READERS' COMMENTS
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Waterplant
Posted by Angel, San Antonio, USA on Monday 20 April 2009 at 15:33 UAE time
This is a good news for people looking for jobs in the waterplant industry. Since the dawn of the global economic crisis, more and more people became jobless. Too bad... not all people that has the necessary skills in this industry had the opportunity to find the appropriate employer.
Posted by Angel, San Antonio, USA on Monday 20 April 2009 at 15:33 UAE time
This is a good news for people looking for jobs in the waterplant industry. Since the dawn of the global economic crisis, more and more people became jobless. Too bad... not all people that has the necessary skills in this industry had the opportunity to find the appropriate employer.
Waterplant
Posted by Angel, San Antonio, USA on Monday 20 April 2009 at 15:11 UAE time
This is a good news for people looking for jobs in the waterplant industry. Since the dawn of the global economic crisis, more and more people became jobless. Too bad... not all people that has the necessary skills in this industry had the opportunity to find the appropriate employer
Posted by Angel, San Antonio, USA on Monday 20 April 2009 at 15:11 UAE time
This is a good news for people looking for jobs in the waterplant industry. Since the dawn of the global economic crisis, more and more people became jobless. Too bad... not all people that has the necessary skills in this industry had the opportunity to find the appropriate employer
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