GDF Suez-led group to raise $1.8bn for Saudi plant

09 March 2010

Some $1.8bn will be raised by Saudi Electricity Co. and GDF Suez through syndicated bank loans and export-credit facilities to build a power plant in Saudi Arabia, Bloomberg has reported, citing two bankers familiar with the transaction. The build-own-operate 50-50 joint venture will have a capacity of 1,730 megawatts and a total investment cost of more than $2bn, according to GDF.

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