Although Island Power has net yet finalised the details of the RFP, it will be sent to both foreign and domestic banks and is seeking advice on loan structures. As yet it has not been determined whether the deal will be a bridging loan or straightforward syndicated loan.
The deal is significant since it will mark the first greenfield project financing in Singapore that is not backed by the government.
The financing will be used to construct a gas-fired 785MW dual-unit combined cycle plant on Jurong Island. The gas will be supplied from...
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