Saudi Electricity’s PP11 power plant close to securing $1.2 bln loan refinancing
- Date: 15-Oct-2021
- Source: Argaam
- Sector:Industrial
- Country:Saudi Arabia
Saudi Electricity’s PP11 power plant close to securing $1.2 bln loan refinancing
The PP11 power plant of Darmaa Power Co., a subsidiary of Saudi Electricity Co. (SEC), is close to securing $1.2 bln refinancing loan amid low financing costs in the market, CNBC Arabia reported, citing unnamed sources familiar with the matter.
The power plant, specialized in generating power, was established in Darmaa city in 2013. It was fully financed through debt, the sources said.
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