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ICBC lead arranger for $1.5 bn to finance Dubai’s solar power project

Dubai Electricity and Water Authority (DEWA) in September awarded the contract to build the 700-megawatt (MW) project in Dubai costing $3.87 billion to ACWA Power and China’s Shanghai Electric. DUBAI: Industrial and Commercial Bank of China has been mandated as lead arranger for a $1.5 billion senior loan to finance the construction of a Dubai […]

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