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Sewa seeks $2.7bn for project
- United Arab Emirates: Tuesday, September 18 - 2007 at 10:16
State-owned Sharjah Electricity and Water Authority (Sewa) plans to raise at least $2.72bn via a bond sale or sukuk to meet rising demand for power, reported Gulf News. Al Waleed Khalid Bin Khadem, the authority's director-general, said Sewa plans to expand a 400 megawatt power plant to 2,580 megawatts by 2014 to meet demand that is growing by 9% each year.
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Jeff Florian, Senior ReporterTuesday, September 18 - 2007 at 10:16 UAE local time (GMT+4)
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