Dewa appoints HSBC as adviser to IWPP deal

19 July 2010

Dubai Electricity and Water Authority (Dewa) has appointed HSBC as financial consultant to find funding for its first privately-backed water and power project, Reuters has reported. The IWPP project will be the first such initiative by the state utility to build, own and operate a plant in partnership with the private sector. Dewa managed to place a $1bn bond in April, attracting an order book of $11.5bn.

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