Hyflux secures financing for new SWRO plant in Qurayyat, Oman
Qurayyat Desalination SAOC, a subsidiary of Hyflux, has secured non-recourse finance of $185 million for a seawater RO plant in Qurayyat, Oman.
The plant, Hyflux's largest in Oman, in the governorate of Muscat, will provide the country with 200,000 m3/d of additional drinking water.
Qurayyat Desalination SAOC is to sell water to the Oman Power and Water Procurement Company for twenty years from 2017 to 2037.
The finance was provided by Mizuho Bank, Standard Chartered Bank in Dubai, and Clifford Capital of Singapore, which is offering a fixed-to-floating rate term loan as part of the package.