IFLR1000

Barka IWP (Phase 4)

3/3/2016
Project development, Project finance
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$ 300 million

Announced

3/3/2016

Overview:

  • Barka IWP (Phase 4).
  • The project is a 281,000 cubic metres per day desalination plant.
  • A consortium (Barka Desalination Company) led by Suez Environnement and Itochu Corporation was chosen to develop the project.
  • Sumitomo Mitsui Banking Corporation Europe, the Bank of Tokyo-Mitsubishi UFJ, Credit Agricole Corporate & Investment Bank, KfW Ipex-Bank acted as lenders.
  • Legacy firm Chadbourne & Parke (Derek Kirton) advised the project developers Suez Environnement and Itochu Corporation.

Sam Duke - Editor

Jurisdiction:

Oman

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Utilities

Firms:
A&O Shearman

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: The Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: Crédit Agricole (Lender)

Party: KfW IPEX-Bank (Lender)

DLA Piper

Party: Oman Power and Water Procurement Company (Grantor)

Lawyer: Trevor Butcher

Said Al Shahry and Partners (SASLO)

Party: Suez Environnement (Project developer)

Party: Itochu Corporation (Project developer)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: The Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: Crédit Agricole (Lender)

Party: KfW IPEX-Bank (Lender)

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