Abu Dhabi's Shuweihat 2 (S2) power and water plant has mandated six banks to help arrange a potential bond issue, Reuters has reported. S2 is 54% owned by Abu Dhabi National Energy Co (Taqa) . Abu Dhabi Water and Electricity Authority holds a 6% stake, while the remaining shareholding is split between 20% held by France's GDF Suez, and 10% each by Marubeni Corp and Osaka Gas Co. Previous indications have suggested the bond issue could be about $800m, the report said.
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