Dubai's state utility has begun an international campaign to finance its first private power and water plant.
Officials from the Dubai Electricity and Water Authority (Dewa) plan to visit Japan and Europe next month to pitch a US$1.5 billion (Dh5.5bn) power and water desalination project to banks, said Waleed Salman, Dewa's vice president of strategy and business development.
The company selected potential bidders this week for the project. HSBC is advising.
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