Saudi Electricity Company announces signing an Export Credit Agency (ECA) facility to finance Saudi – Egypt electricity Interconnection project
| Element List | Explanation |
|---|---|
| Introduction | Saudi Electricity Company (SEC) has signed a facility agreement with Standard Chartered Bank and Sumitomo Mitsui Banking Corporation which specifies that such facility, subject to satisfaction of conditions precedent, will be guaranteed by the Swedish Export Credit Agency (EKN) and funded by Swedish Export Credit Corporation (SEK). |
| Date of obtaining the funding | 2022-08-10 Corresponding to 1444-01-12 |
| Financing entity | 1. Swedish Export Credit Corporation (SEK)
2. Standard Chartered Bank 3. Sumitomo Mitsui Banking Corporation |
| Financing amount. | US$567,508,037 |
| Financing duration. | 14 years |
| Guarantees offered for the financing | None |
| Financing objective | The facility will partially finance Saudi - Egypt electricity Interconnection project. |
| Related Parties | None |
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