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Article: Instrata Capital puts $27 million in Al Dur water and power project.
- Article from:
- CPI Financial
- Article date:
- November 9, 2009
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Byline: news@cpifinancial.net (Staff Writer)
Bahrain-based Instrata Capital said it has joined a consortium of investors (including GDF SUEZ and Gulf Investment Corporation (GIC)) in the Al Dur Independent Water and Power Project, with an investment of $26.4 million (equal to a five per cent stake).
The Al Dur project is a greenfield 1,234 MW combined cycle power plant, which is being financed by 75 per cent debt and 25 per cent equity. The total value of the project is $2.2 billion, and its financing is a significant accomplishment considering the current state of the global economy. Work began on the Al Dur power plant at the end of August 2008, and is ...
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