Fujairah 3 CCGT closes JBIC-backed loan

Marubeni is said to have reached financial close on an ECA-backed facility backing the $1.1 billion 2.4GW Fujairah F3 CCGT project in the UAE. Marubeni was awarded the deal in February by Emirates Water and Electricity Company (EWEC) with a winning bid of Dh0.168122 ($0.0457786) per kWh.Lead...