Taqa powers through Moroccan project financing

29 Jan 2013

Abu Dhabi National Energy Company (Taqa) has signed a $1.4bn-equivalent project financing to expand its Jorf Lasfar coal project in Morocco.

The bulk of the financing is a $1.3bn-equivalent 16 year non-recourse loan facility split between US dollars and Moroccan dirham. BNP Paribas, Société Générale and Standard Chartered Bank are the mandated lead arrangers for the international tranche.

Morocco’s Banque Centrale Populaire is the mandated lead arranger for the local ...

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