Hamma desal finance sealed
Financing for the landmark 200,000-cubic-metre-a-day (cm/d) Hamma desalination plant was completed on 25 June. Three-quarters of the total will come from a $200 million loan from the US' Overseas Private Investment Corporation (OPIC) .The remainder will be provided in equity from the shareholders in the project company, Hamma Water Desalination (HWD), in which Ionics, now part of the US' General Electric (GE), holds 70 per cent and the client, ...
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