Commercial Bank of Dubai provides financing for DEWA's Hatta pumped storage hydro project

By Global Infrastructure Sherpa · Mar 12, 2025

Financing Pumped Storage Hydro announced UAE Mar 12, 2025

USD5800M

Deal Value

250 MW

Capacity

Commercial Bank of Dubai is part of the financing consortium for DEWA's 250 MW pumped storage hydroelectric power station in Hatta. The project aims to diversify Dubai's energy mix and enhance water storage capabilities.

Timeline

Announced

Mar 12, 2025

Signed

Closed

Counterparts (2)

Lender

Commercial Bank of Dubai

company · 1 deals

Commercial Bank of Dubai (CBD) is a leading bank in the UAE, offering a range of financial products ...

Developer

Dubai Electricity and Water Authority (DEWA)

company

Dubai Electricity and Water Authority (DEWA) is the utility provider for Dubai, focusing on electric...

Source

www.meed.com

1 of 1 Pumped Storage Hydro deals tracked this month · Updated daily

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Commercial Bank of Dubai provides financing for DEWA's Hatta pumped storage hydro project

Timeline

Counterparts (2)

Source

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