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Firms announce financial closing of Dhs3.6b
Gulf Today
|January 02, 2026
Abu Dhabi National Energy Company (TAQA), together with Emirates Water and Electricity Company (EWEC), announced the financial closing of Dhs3.6 billion 1 GW Al Dhafra Power Plant, which will provide power to data centre projects and advance the UAE National Strategy for Artificial Intelligence 2031.
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The project is primarily funded by around 85 per cent through debt financing from both local and international banks, including, Standard Chartered Bank, Abu Dhabi Commercial Bank, Agricultural Bank of China, Doha Bank, First Abu Dhabi Bank, HSBC, ICBC, KFW, National Bank of Kuwait, RAK bank, Woori Bank, Abu Dhabi Islamic Bank PJSC, Boubyan Bank and Ajman Bank.
Dit verhaal komt uit de January 02, 2026-editie van Gulf Today.
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