Middle East Economic Survey
GIC/Suez-Tractebel Win Contract For Bahrain 1,000MW IPP
The Gulf Investment Corporation (GIC) announced on 23 June that, in partnership with Suez-Tractebel, it had won a contract to build and operate a 1,000mw capacity power station at al-Azzal in Bahrain the first independent power project (IPP) on the island. The gas-fired plant is expected to require investment of around $500mn. The Bahrain government will sign a power purchase...