ACWA Taweelah Power

ACWA Power / Taweelah IWP - TL

Borrower (s)
ACWA Taweelah Power
Industry
Infrastructure/Waste & water
Area of finance
Project & Infrastructure Finance
Region
Middle East
Countries
United Arab Emirates

Deal Overview

Following the signing of loan documentation last month, ACWA Power has reached full financial close on the debt backing the $900 million Taweelah 200 MIGD reverse osmosis IWP in Abu Dhabi.The project, which is scheduled for commercial operation in 2022, was awarded to ACWA by EWEC as a 30-year DBFOM...

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Following the signing of loan documentation last month, ACWA Power has reached full financial close on the debt backing the $900 million Taweelah 200 MIGD reverse osmosis IWP in Abu Dhabi.

The project, which is scheduled for commercial operation in 2022, was awarded to ACWA by EWEC as a 30-year DBFOM concession in January. State-owned Mubadala and Abu Dhabi Power Corporation own 60% of the project and ACWA 40%. ACWA bid the lowest price for the concession – a global record low of AED8.26 per thousand gallons.

The debt financing comprises a $775 million seven-year soft miniperm provided by Mizuho, Natixis, Norinchukin, Siemens Bank, Boubyan Bank and Emirates NBD. The debt comes with a margin of 90bp until year seven, rising to 230bp until end of year 13 and then 240bp.

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Deal Volume
$770m
Financial Close
17 October 2019
Sources
TXF article, Proximo article, Proximo article, Submitted by participant(s)

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Projects

Taweelah IWP

Greenfield
Waste & water
Middle East
United Arab Emirates
$1.2bn

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