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Dewa needs $16bn by 2012
- United Arab Emirates: Saturday, November 03 - 2007 at 08:42
The Dubai Electricity and Water Authority (Dewa) requires around $16bn over the next five years to help fund its various mega utility projects including a $12bn electricity and water desalination plant in Jebel Ali, reported Gulf News. The company is launching its debut bonds sale tomorrow, Sunday, and is thought to be seeking $2.5bn. Dewa will need around $30bn over the next decade.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, November 03 - 2007 at 08:42 UAE local time (GMT+4)
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