Project Financing for Natural Gas-Fired Combined Cycle Power Plant
Supporting the Overseas Deployment of Integrated Infrastructure Systems by a Japanese Company

  • Area: The Middle East
  • Infrastructures
  • Environment
  • [Project Finance]

JBIC signed a project finance loan agreement with Shuweihat Asia Power Company P.J.S.C., incorporated in the United Arab Emirates (UAE) and invested by Sumitomo Corporation,to finance the construction and operation of a natural gas-fired combined cycle power plant (capacity 1,600MW) in Shuweihat, 250 km southwest of Abu Dhabi. There has been a growing expectation to strengthen the multi-layered economic relationship through supporting of infrastructure deployment in the UAE, beyond the bound by natural resource trade.

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