Cranmore team members Richa Prasad (Partner) and Meishi Tan (Senior Associate) have published an article on Project Finance International following the closing of Shuqaiq 3 IWP, a landmark seawater desalination project in Saudi Arabia on which Cranmore was financial advisor to the Marubeni-led sponsor consortium. Leap-frogging traditional thermal desalination entirely, Shuqaiq 3 IWP utilises cutting edge reverse osmosis technology to increase the cost-effectiveness and to reduce the high carbon footprint traditionally associated with seawater desalination. In the article, we discuss how the the project is structured including the tariff model, risk allocation, and the resultant impact on financing.
The article can be read on the PFI website or downloaded as a PDF attachment from the following links:
https://www.pfie.com/story/1586121/shuqaiq-iwp-cutting-edge-desal-vbsz97hh7h
https://edition.pagesuite-professional.co.uk//launch.aspx?eid=d16acbd6-7d00-4590-97b5-b171a7027fdf