A group led by GDF Suez SA including Mitsui & Co., Shikoku Electric Power Co. and Chubu Electric Power Co. obtained financing for the Ras Laffan C power and desalination project in Qatar, Bloomberg reported. A syndicate of 21 banks including Japan Bank for International Cooperation, Export Development Canada and Islamic Development Bank will provide $3.25 billion in loans, Paris-based GDF Suez said in a statement. The funding includes $250 million of Islamic financing, it said. The project, with a planned capacity of 2,730 megawatts of power and more than 286,000 cubic meters of water a day, is scheduled to start operating in April 2011. The group's construction of power and desalination plants in the industrial city of Ras Laffan will require $3.8 billion in investment. The partners own 40 percent of project developer Ras...
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