UK bank to advise on development of UAE nuclear project
Korea Electric Power Corporation (Kepco) has given a financial advisory mandate to the UK’s Standard Chartered to help the company finance the development of a nuclear power plant in the UAE.
A South Korean team of Kepco, Hyundai Engineering & Construction and Samsung Corporation signed the $40bn contract to build the country’s first four nuclear reactors on 27 December.
Previously France’s BNP Paribas had been conducting some advisory work for the Korean consortium (MEED 06:01:10).
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.