Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile

LATEST NEWS

17:55 21-07-2017
Foreign technologies to help utilize solid waste
17:11 21-07-2017
South Korean businessmen to build mill house in Rostov region
16:43 21-07-2017
Moscow to receive international award for Москва transport development
15:55 21-07-2017
Marubeni consortium to build $365m power plant in Indonesia
15:14 21-07-2017
Elite housing offer in Moscow grew by 13%
14:35 21-07-2017
Choco-Pie producer to build new plant in Tver region
13:05 21-07-2017
Facebook to build $250m data centre in New Mexico
11:59 21-07-2017
Dozens of residential houses destroyed with fire in California
11:35 21-07-2017
Siemens intends to “divorse” Technopromexport
10:53 21-07-2017
Powerful greenhouse complex almost ready in Ingushetia
18:45 20-07-2017
Luxurious hotel to be built near Zhukovsky airport in Moscow region
17:59 20-07-2017
Russian Helicopters agreed on delivery of 10 helicopters to China
17:26 20-07-2017
Vietnamese to build powerful milk processor in Moscow region
16:56 20-07-2017
Sunac China bought hotels and tourist projects for $9.4 from Dalian Wanda
16:06 20-07-2017
Hothouse structures plant started production in Lipetsk SEZ
15:32 20-07-2017
Russian Ministry of Energy discussed cooperation prospects with Dutch Ministry of Foreign Affairs
14:05 20-07-2017
A smart city for New Moscow by Engie
13:30 20-07-2017
Why did Philippov, Director General of “Silovyie Mashiny”, lose his post with scandal
12:33 20-07-2017
Spanish project design for Moscow Metro
12:12 20-07-2017
How much is reconstruction of railway stations for WC 2018?
11:39 20-07-2017
Incompleted Hyatt in Vladivostok tendered at lower price
10:48 20-07-2017
Glavgosexpertiza adopted the first phase of the Moscow-Kazan highway construction
17:54 19-07-2017
In Moscow Rostelecom sells two houses connected with Pushkin
17:39 19-07-2017
Moscow authorities searching for contractor to reconstruct the Pet Zoo
17:00 19-07-2017
Large hypermarket to be built in Kazan by Iranian investor
16:33 19-07-2017
Russian city of Orel searching for contractors to build a pedestrian bridge across Oka
15:27 19-07-2017
Powerful military logistic complex to be built in Moscow region
15:10 19-07-2017
Rosatom is to supply mini HPP to Indonesia, Malaysia and Philippines
14:23 19-07-2017
Aircraft components producers from Germany and France to open plants in Moscow region
13:44 19-07-2017
Russian Sergievo Podvorie opened in Jerusalem afer long reconstruction
All news

ARCHIVE NEWS

«    July 2017    »
MonTueWedThuFriSatSun
 12
3456789
10111213141516
17181920212223
24252627282930
31 

Saudi Electricity co-sign investment deal on Shuqaiq power plant

logo russianconstruction.com
Saudi Electricity co-sign investment deal on Shuqaiq power plant

The construction of an integrated water and power plant in Shuqaiq, situated in Saudi Arabia, is to get additional financing.

The state-controlled Saudi Electricity Company, one of the shareholders and the owner of 8% of the plant’s stakes, signed a $900 million loan agreement with the Korean Export-Import Bank, Reuters reported on the 15th of May. According to the deal, in addition to the Export-Import Bank of Korea, funding will also be provided by the Bank of Tokyo-Mitsubishi, Deutsche Bank and Santander.

Besides the Saudi Electricity Company, the largest utility company in Saudi Arabia, three more companies hold shares in the facility. These are ACWA Power (40%), the Public Investment Fund (32%) and the Gulf Investment Council (20%). The owner of the plant is the Shuqaiq Water & Electricity Company.

According to the Saudi Electricity Company’s official documentation, the expected cost of the project is $3.2 bln.

Related publications

PARTNERS

UP