Middle East Economic Survey
Bahrain Names Preferred Bidder For Al-Hidd Power/Water Plant
Bahrain has named a consortium of International Power (IP), Suez Tractebel and Sumitomo, backed by seven banks, as the preferred bidder for its al-Hidd power and water plant after commercial bids were opened last week. The consortium submitted a price of $738mn. Malaysias Malakoff with Saudis National Power Company bid $710mn and a consortium of Marubeni Corporation,...