Friday 1 August 2014
 
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Abu Dhabi Water and Electricity Authority

$32bn power, water projects underway in Gulf

There are 44 power and water projects in the GCC valued at $31.9 billion already underway or due to begin in 2012, said a report ahead of a major energy expo in Abu Dhabi. The 'Power + Water Middle East exhibition and Leaders’ Forum

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Taqa's $1.1bn bond gets stable outlook

Moody's Investors Service has affirmed a provisional (P) A3 rating to the 3.5 billion ringgit ($1.1 billion) Islamic bond programme of Abu Dhabi National Energy Company (Taqa) with a stable outlook. Moody's in a statement said the

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Adwea in $2.2bn refinancing talks; bond planned

Abu Dhabi Water and Electricity Authority (Adwea) has picked HSBC to advise on the $2.2 billion refinancing of its Shuweihat 2 loan and plans to issue a bond, in a first for a Gulf power project, bankers involved said. Pitching for the bo

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Taqa eyes ADWEA plant stake

Abu Dhabi National Energy Company (Taqa) could spend $272.3 million to buy a 90-per cent stake in a water and power plant owned by the emirate's utility, an executive said in remarks published on Saturday. Taqa 'plans to buy' A

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Abu Dhabi readies $1.1bn for key power project

The financing for the $3.2 billion Shuweihat 2 power project in Abu Dhabi is expected to be closed by mid-July, with six banks to commit to the remaining $1.1 billion commercial loan, said a report. Each bank will make an investment of abo

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