Finance drawdown starts for Tanajib project – MEED
- Date: 06-May-2022
- Source: MEED
- Sector:Real Estate
- Country:UAE
Finance drawdown starts for Tanajib project – MEED
The special purpose vehicle (SPV) formed for the Tanajib cogeneration and desalination project has started drawing down from the equity bridge loan and working capital allocated for the project.
This follows the signing of a financial agreement for the project, which is now under construction.
Abu Dhabi National Energy Company (Taqa) and Japan's Marubeni Corporation signed in October the project agreements with the client, Saudi Aramco.
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