KFAED And Bahrain Sign $49Mn Loan For al-Hidd Power Station
The Kuwait Fund for Arab Economic Development (KFAED) andBahrain signed a loan on 9 September for KD15mn ($49mn) to help finance thePhase II 700mw expansion project for the al-Hiddpower station and its electricity transmission network. The loan carries aninterest rate of 3.5% over 20 years with a five-year grace period. The grantelement of the loan is 43.46%. Bahrain痴 Ministry of Finance and...