THE Asian Infrastructure Investment Bank (AIIB) is amongst the lenders on the 500MW Ibri II solar power project in Oman.

Last week lead sponsor ACWA Power of Saudi Arabia announced that it had reached financial close on the project, via a US$275 million senior debt facility with a maturity of 16.5 years.

The six mandated lead banks are AIIB, Standard Chartered Bank, Bank Muscat, Riyad Bank, Siemens Bank, and Warba Bank. AIIB is providing US$60 million.

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