DUBAI: Dentons has advised Sharqiyah Desalination Co (SDC) on the expansion and refinancing of the Sur desalination project.
Dentons acted as both international and Omani law counsel, a press release said.
The project is expected to cost approximately US$200mn and add an additional capacity of 10.6mn imperial gallons per day to the existing plant.
Jon Nash, Dentons’ energy, transport and infrastructure partner, who also advised sponsors Sumitomo Corporation and Malakoff International on the Ghubra desalination project, said, “Working with long-standing client SDC and its major shareholders, Veolia and the Bahwan group, was especially satisfying in this case as we worked together to meet the urgent increasing water needs of the Sharqiyah region. It was a complex transaction, particularly as it involved a brownfield expansion and a refinancing but even more rewarding to close given its importance for the region.”
Dentons is currently advising Hyflux on its bid to develop and finance the Quriyat IWP.
Earlier this month, Dentons also advised Sumitomo Chemical on the US$8bn Petro Rabigh petrochemical complex expansion in Saudi Arabia.
SOURCE: Muscat Daily