Middle East Economic Survey

VOL. XLVII

No 32

09-August-2004

BAHRAIN

Al-Azzal IPP Agreement Signed With GIC/Tractebel

The Bahrain government on 31 July signed an agreement with the Gulf Investment Corporation (GIC) and Tractebel EGI, under which the two firms will build and operate a 1,000mw capacity power station at al-Azzal in Bahrain the first independent power project (IPP) on the island (MEES, 28 June). The gas-fired plant is expected to require investment of around $500mn. HSBC and Societe...