The Sharqiyah Independent Water Project recently reached financial close. The project involves the development of a new desalination plant in Sharqiyah, Oman. The plant is expected to begin operations in 2021 and will provide 80,000 cubic meters of water per day.
The project is financed with senior debt from MUFG Bank, Shinsei Bank and Sumitomo Mitsui Trust Bank. The debt is insured by Nippon Export and Investment Insurance (NEXI). Shareholders in the project are JGC Corporation, United Infrastructure Development Company LLC and Doosan Heavy Industries & Construction Co., Ltd.
Operis was pleased to carry out a financial model audit for the senior lenders, NEXI and the shareholders.
