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

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.

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Counterparts (2)

Developer

Dubai Electricity and Water Authority (DEWA)

company

Dubai Electricity and Water Authority (DEWA) is the utility provider for Dubai, focusing on electricity and water services. It is actively involved in expanding renewable energy capacity and promoting sustainable practices within the emirate.

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 and services to individuals and businesses. They provide project finance and other financial solutions relevant to infrastructure projects.

Timeline

Announced

Mar 12, 2025

Signed

Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Source

www.meed.com

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

Counterparts (2)

Timeline

Source

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