UAE: Taweelah IWP obtains the first ever “sustainable loan” qualification for a desalination project
12 Mar 2020
Closed in September 2019, the $758mn project finance loan, with a contractual tenor of 32.4 years, will finance what will become the largest reverse osmosis plant in the world when completed in 2022.
The plant will be constructed in the existing Taweelah complex, in the Emirate of Abu Dhabi, United Arab Emirates. The project also includes a 68 MW peak photovoltaic power plant to complement the energy supply from the procurer’s grid.