Taqa Said to Borrow $1.2 Billion for Morocco Power Plant

Abu Dhabi National Energy, also known as Taqa, signed a project finance loan of $1.1b-$1.2b for Jorf Lasfar thermal power plant in Morocco, four people familiar with matter told Bloomberg’s Emi Urabe.

  • BNP Paribas, Standard Chartered and Societe Generale are facility arrangers, people say
  • Japan Bank for International Cooperation contributed $216m for equipment import from Mitsui & Co., Mitsubishi Heavy Industries and IHI Corp., people say

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