Significant breakthrough in Hamma financing
The search for financing for the Hamma desalination plant received a boost in mid-February when the US' Overseas Private Investment Corporation (OPIC) approved up to $200 million in financing for the 200,000-cubic-metre-a-day (cm/d) facility. The limited-recourse debt is subject to completion of the final project and loan agreements, which is expected by the end of the second quarter.
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