Monday 25 March 2019

Shuweihat plant achieves commercial operational status

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


Acwa Power buys stake in UAE project

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 project secures $2.15bn financing

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

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