Peace | Crowell is serving as lead project development and finance counsel to the host country sponsor in a transaction that will finance the construction of the first nuclear power plant on the Arabian Peninsula, and which is anticipated to be among the largest nuclear power stations in the world. In connection with the transaction, the Export-Import Bank of the United States approved $2 billion in loan commitments for the U.A.E.’s Barakah nuclear power plant, which are the largest financing commitments Ex-Im Bank has made in the U.A.E. to date and are the first loan commitments Ex-Im Bank has issued for a new-build nuclear plant since the 1990s. Read more at http://www.exim.gov/news/ex-im-approves-2-billion-financing-for-nuclear-power-plant-uae.
Sign up for client alerts and updates