“The Bahraini government is keen to get this project moving quickly, so we expect to be working on documentation and structuring for the next four weeks, before getting ready to start marketing the deal in October," says one banker close to the project.
Following this, a general syndication is expected to occur later in the third quarter of 2008.
Suez has received full underwriting from Calyon, Mashreqbank and Standard Chartered, while BNP Paribas is acting as financial adviser to the Bahraini government.
The project will have capacity of 1,250MW of power and 48 million gallons a day of desalinated water (MEED 15:8:08).
You might also like...
Ruwais LNG full EPC award expected in June
29 March 2024
PIF entity makes $1bn Lucid placement
29 March 2024
Petro Rabigh awards KBR maintenance contract
29 March 2024
Diriyah Company seeks firms for demolition work
29 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.