Asia Connect
JBIC joins US$927 million financing for waste-to-energy project in Dubai
Plant will be able to process up to 45% of municipal waste generation
Michael Marray
31 Mar 2021
Dubai Waste Management Company ( DWMC ) has secured project finance amounting to US$927 million from several financial institutions, including US$452 million from Japan Bank for International Cooperation ( JBIC ), for a waste-to-energy project in Dubai. Others participating in the co-financing are Sumitomo Mitsui Banking Corporation, Mizuho Bank, Societe Generale, KfW IPEX Bank, Standard Chartered Bank, Credit Agricole Corporate and Investment Bank, and Siemens Bank.