The IP/Sumitomo/Tractebel bid was backed by a bank group comprising Gulf International Bank, Germany’s Kreditanstadlt fuer Weideraufbau, Mizuho Financial Group, Royal Bank of Scotland and Sumitomo-Mitsui Banking Corporation. Financial close is due by the end of March. France’s Sidem is the nominated engineering, procurement and construction (EPC) contractor. Commissioning is due in summer 2007 (MEED 16:12:05).