Saudi Electricity and ACWA Power refinance c.USD1.8bn debt facilities for Rabigh1 plant
Saudi Electricity Company (5110.SE) and ACWA Power announced the refinancing of USD1.825bn debt facilities for Rabigh 1 independent Power Project, a 1,204 MW fuel oil-fired power project. The project entered commercial operation in 2013, with a total project cost of c.USD2.5bn and was the first IPP project in the Kingdom of Saudi Arabia to be procured without a sovereign guarantee. It is housed under Rabigh Electricity Company (“RABEC”), owned by ACWA Power, Korea Electric Power Corporation (KEPCO) and Saudi Electricity Company (SEC). The cUSD1.825bn facilities are composed of conventional and Islamic basis. (ACWA Power press release)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.