Kuwait fund gives loan to Bahrain for power plant expansion

Oct 31, 2001 01:00 AM

The Kuwait Fund for Arab Economic Development (KFAED) signed a loan agreement with Bahrain for $ 50 mm to help expand a local power plant. The agreement was signed in Manama. Total cost to expand the al-Hidd natural gas-powered plant was estimated at 130 mm dinars ($ 426 mm), of which KFAED would contribute 15 mm dinars.

The Kuwait-based Arab Fund for Economic and Social Development would also contribute 25 mm dinars, with the Islamic Development Bank lending 11 mm dinars for the project. The balance would be provided by other banks and the Bahraini government, said KFAED executive Waleed al-Saif.
The plant will be designed to produce 700 MW of electricity with a 220-kV power network and will eventually feed a Gulf-wide power grid that is being planned for the year 2006, he added.

Source: Deutsche Presse-Agentur
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« September 2018 »
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events