VOL. XLV

No 17

29-April-2002

BAHRAIN

Al-Hidd Power Station $225Mn Loan Signed, Includes IslamicFacility

BahrainsMinistry of Finance and National Economy signed a loan agreement on 18 Aprilfor $225mn to finance construction of the Phase II 700 MW expansion of the al-Hidd electricity generation/water desalination station. Theagreement was signed with the four mandated lead-arrangers, BNP Paribas, HSBC,Bank of Bahrain and Kuwaitand Bank of Tokyo-Mitsubishi. The facilitiy comprisesa $200mn loan...