News
11 August 2022

SEC seals $567m ECA-backed interconnection project financing

In:
Power
Region:
Middle East & Africa

Saudi Electricity Company has sealed a big-ticket ECA-backed project financing deal with Standard Chartered and SMBC. The $567.5 million loan, with a tenor of 14 years, is backed by Sweden's EKN and will be funded by the Swedish Export Credit Corporation.Proceeds will be used to partially...

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