Al Dur 2 IWPP
Al Dur 2 IWPP - a Independent Water & Power Project in Bahrain. Capacity 1.5 GW. Winning consortium: ACWA + Mitsui. Power tariff: USD $0.0345/kWh. Status: Operational; refi USD 580 M 2024.
- Country
- Bahrain
- Procurer
- EWA
- City / region
- Al Dur
- Capacity
- 1.5 GW
- Status
- Operational; refi USD 580 M 2024
- Power tariff
- USD $0.0345/kWh
Winning consortium
ACWA + Mitsui - equity: ACWA + Mitsui + Al-Moayyed
Procurement timeline
- RFP: 2017
- Bid submission: 2018
- Preferred bidder: 2018
- Commercial close: 2019
- Financial close: 2019
- PCOD: Jun 2022
Financing
- Capex: ~USD 1.0 bn
- Debt: USD 580 M refi 2024
- Lenders: Int'l + GCC + Chinese (Sinosure)
- Tenor: Refi extended
Technical scope
Process: CCGT + SWRO
Bahrain's largest power plant. Tariff in BHD: 12.99735/MWh power (~3.45c/kWh) + 0.26352/m³ water (~$0.70/m³)
Notes
Only deal with publicly disclosed dual tariff in BHD.
EPC contractor: SEPCO 3 + Siemens + 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.