Abu Dhabi's Taqa Secures Funds for Saudi Power Plants

TAQA, JERA & AlBawani Close Financing For Two Major Power Projects In Saudi Arabia - Construction Business News Middle East

TAQA, JERA, and AlBawani Capital have successfully closed financing for two landmark greenfield power plants in the Kingdom Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in Europe, the Middle East, and Africa, with JERA Co., Inc (“JERA”), Japan’s largest power generation company and AlBawani Capital (“AlBawani”), a subsidiary of AlBawani Holding, a leading and diversified contracting and …

Abu Dhabi's Taqa backed alliance get financing for two Saudi power projects

New Saudi projects entail investments of about $4 billion The Abu Dhabi utility company Taqa along with its partners have finalised the financial closing for two greenfield power plants in saudi Arabia. The two projects – Rihab ElAwal Power Company (Rumah 2) and Nawras Power Company (Al Nairyah 2) – also feature Japan’s JERA Co. and AlBawani Capital, a subsidiary of AlBawani Holding. The power plants represent an investment of around $4 billion.…

Abu Dhabi's Taqa secures funds for Saudi power plants

A consortium led by Abu Dhabi National Energy Co (Taqa) has secured funding for greenfield power plant projects in Saudi Arabia worth $4 billion. The Rumah 2 and Nairyah 2 gas-fired power plants are located in the western and central regions and will generate 3.6 gigawatts of power to the national grid. The group includes Japanese power generation company Jera Co and AlBawani Capital, a subsidiary of Riyadh-based AlBawani Holding. The consortium…