Saudi Electricity Company (SEC)

Saudi-Egyptian HVDC Interconnector Project - JBIC Covered Loan

Industry
Power/Electricity transmission
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Saudi Arabia

Deal Overview

JBIC has signed a $103 million loan agreement with Saudi Electricity Company (SEC) for an electricity interconnection project linking Saudi Arabia and Egypt.The loan is co-financed with 3 commercial banks, bringing the total loan amount to $207 million. JBIC will also provide a guarantee for part of...

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Deal Volume
$207m
Financial Close
21/02/2023
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Tranches

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Project Deals

Saudi-Egyptian HVDC Interconnector Project
$1.8bn
Greenfield
Electricity transmission
Middle East
Middle East
Saudi Arabia