EPC contract signed for DEWA CSP project
16 April 2018

DEWA and ACWA Power have signed the EPC contract for the $3.87 billion DEWA 700MW CSP project in Dubai - the fourth phase of the Mohamed bin Rashid Solar Park - with ACWA's co-project sponsor Shanghai Electric. ICBC is lead arranging financing for the scheme, and will provide around 80% of the project debt along with Bank of China, Agricultural Bank of China and China Minsheng Bank. The Silk Road Fund also appears to be putting equity into the project.

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