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.

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.

Get Notifications