Saudi consortium closes $1.825 billion refinancing for Rabigh 1 power project

July 13, 2016 12:07 pm

A consortium of electricity companies led by Saudi Arabia’s ACWA Power has completed refinancing of more than $1.825 billion in debt for its Rabigh 1 power project, ACWA Power said in a statement on Wednesday.


The consortium, which also includes Saudi Electricity Company (SEC) and Korea Electric Power Corporation (KEPCO), runs the 1240 MW fuel oil-fired plant on the western coast of Saudi Arabia.


By Reuters
A division of Thomson Reuters, Reuters is an international news agency headquartered in London, England, and provides up-to-the-minute news and views on global and regional events.