Taqa powers up with project financing

Abu Dhabi National Energy Company (Taqa) has signed a $1.4bn-equivalent 16 year multicurrency project financing split between international and local tranches to expand its Jorf Lasfar coal project in Morocco.

  • 21 Jun 2012

BNP Paribas, Société Générale and Standard Chartered Bank are the mandated lead arrangers for the international tranches.

Around 40% of the loan is in Moroccan dirham. Morocco’s Banque Centrale Populaire is the mandated lead arranger for the local currency piece.

Japanese and South Korean export credit agencies have ...

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