Qatar Islamic helps fund $150m desalination plant

Qatar Islamic Bank said on Sunday it had agreed with Qatar Electricity and Water Co a $150 million Islamic finance deal to help fund a water desalination plant. The 20-year istisna-ijara facility will be used to finance the construction of three desalination units for the Ras Abu Fontas A1 plant, the lender said in a statement. Due to be completed in the summer of 2009, the plant will have an ultimate capacity of 45 million imperial gallons a day.

Contact information	n/a
News type	Inbrief
File link	n/a
Source of information	Trade Arabia
Keyword(s)	water desalination plant
Subject(s)	SANITATION -STRICT PURIFICATION PROCESSES , DRINKING WATER AND SANITATION : COMMON PROCESSES OF PURIFICATION AND TREATMENT , FINANCE-ECONOMY
Relation	http://www.emwis.net/documents/fol195274
Geographical coverage	Qatar
News date	01/04/2008
Working language(s)	ENGLISH

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