The Shuweihat S3 Power Plant in Abu Dhabi, UAE, has achieved commercial operational status, adding key power generation capacity to the emirate.
International law firm Trowers & Hamlins advised the project sponsors, a consorti
Saudi-based Acwa Power has entered into an agreement with Sumitomo Global Management Corporation, a subsidiary of Sumitomo Corporation, to acquire its 20 per cent stake in a UAE project.
Acwa will buy the stake in Shuweihat CMS In
Abu Dhabi has sealed a $2.15 billion long-term financing deal for its Shuweihat 2 water and power project, signalling the return of appetite for regional project finance, officials and bankers said on Monday.
The 22-year financing for the