ZAWYA-NEWS: Qatar’s Ras Abu Fontas signs $990mln project finance deal with Japan’s JIBC
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Ras Abu Fontas Power, a Qatari project company, has secured a $990 million financing agreement with the Japan Bank for International Cooperation (JBIC). This financing is part of a larger $2.97 billion co-financing package involving various financial institutions. The project includes the construction of a natural gas-fired power plant with a capacity of 2,400 MW and a desalination facility in Ras Abu Fontas, set to supply power and water to Qatar General Electricity and Water Corporation under a 25-year agreement.
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