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NewsRas Abu Fontas B2 IWPP closes Operis was appointed as model auditors by Qatar Electricity and Water Company, lead arrangers Bank of Tokyo Mitsubishi UFJ, and financial advisers, HSBC Investment Bank, to provide financial due diligence advice to the funders of a new Power and Water Desalination plant in Qatar. The IWPP, Ras Abu Fontas B2, is an expansion of existing power and water plants on site, requiring over US $620m ( QR 1300m) of equity and senior debt, the latter structured in 3 tranches, including a standby facility. Structuring details are confidential. Financial close was on 12 June, with first drawdown planned for end June 2006. 12 June 2006
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