Al Dur 1 IWPP
Al Dur 1 IWPP - a Independent Water & Power Project in Bahrain. Capacity 1.2 GW. Winning consortium: GDF Suez + GIC. Status: Operational.
- Country
- Bahrain
- Procurer
- EWA
- City / region
- Al Dur
- Capacity
- 1.2 GW
- Status
- Operational
- Power tariff
- Not publicly disclosed
Winning consortium
GDF Suez + GIC - equity: ENGIE + GIC
Procurement timeline
- RFP: 2008
- Bid submission: Aug 2008
- Preferred bidder: Aug 2008
- Commercial close: 2009
- Financial close: 2009 (USD 2.1bn project)
- PCOD: 2011-12
Prequalified bidders
2 PQ
- GDF Suez/GIC
- ACWA Power/KEPCO
Runner-up bidders & tariffs
- ACWA/KEPCO - narrowly higher
Financing
- Capex: USD 2.1 bn
- Debt: USD 1.7 bn (USD 1.2bn commercial + USD 300M Islamic + USD 200M US Ex-Im)
- Lenders: 20-bank syndicate + US Ex-Im
- Tenor: Long-tenor
Technical scope
Process: CCGT + SWRO
Narrow margin over ACWA/KEPCO at award Aug 2008
EPC contractor: Alstom / Sidem
Sources
Open the full IWPP / IPP benchmark →Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.