RAKIZA ENERGY FINANCING LLC

Acquisition of a a 40% stake in Tihama Power Generation Company - Financing

Industry
Power/Gas-fired combined cycle
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Oman

Deal Overview

Financial close of Rakiza's first transaction in Saudi Arabia, by acquiring a 40% stake in Tihama Power Generation Company (“Tihama Power”). Tihama Power comprises four Combined Heat and Power plants (CHP) located at Ras Tanura, Ju’aymah, Shedgum and Uthmaniyah, in the Eastern...

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Deal Volume
$60m
Financial Close
22/02/2024
Dealmakers
Sources
Submitted by participant(s)

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Tranches

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Project Deals

Tihama Power Generation Assets
$450m
Brownfield
Gas-fired combined cycle
Middle East
Middle East
Oman