Deal Description: On 28 June 2024, Marubeni Corporation, Hitachi Zosen Inova (HZI) and the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) announced financial close for the groundbreaking waste to energy (WtE) facility in Abu Dhabi, UAE. The facility will be developed for Emirates Water & Electricity Company (EWEC) and Tadweer Group.

The plant aims to prevent a projected carbon emission of 1.1 million tonnes by processing 900,000 tonnes of non-recyclable waste annually. 

Baker Botts advised lenders to the sponsors on the project. 

The Baker Botts team was led by Shane Wilson (Partner, Dubai), with Ed Hills (Special Counsel, London). The team was supported by Stuart Jordan (Partner, London), Andrew Roche (Partner, Singapore), Chad Passlow (Counsel, Dubai), Nick Jones (Special Counsel, London), Ciaran Mcilwham (Associate, London) and Farah Zafar (Associate, Dubai).

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