12.03.24
Barakah Plant $2.42 Bn refinancing recognized as Green Loan Facility, reinforcing its integral role in rapid decarbonization of UAE power grid
- Barakah Plant project refinancing loan with two leading UAE banks, Abu Dhabi Commercial Bank PJSC (ADCB) and First Abu Dhabi Bank PJSC (FAB), is the first in MENA Region and Asia to be recognized as a green loan facility.
- Positions Barakah Plant and the wider nuclear sector at the forefront of clean financing instruments for proven baseload technologies to accelerate the clean energy transition
- Refinancing through UAE Banks is a powerful driver for In Country Value Program in the UAE to support the Net Zero Economy
- Green refinancing through prominent UAE banks underscores Barakah Plant’s continued prevention of millions of tons of carbon emissions annually for at least 60 years