Middle East Economic Survey

VOL. XLVIII

No 51

19-December-2005

bahrain

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,...