Al Dur Power and Water Company Secures $1.2 Billion Refinancing Deal to Strengthen Its Energy Infrastructure in Bahrain

Al Dur Power and Water Company, a major power generation and water desalination company in Bahrain, has recently announced the successful completion of a $1.2 billion refinancing deal. The new financial facilities have a maturity period of 11 years and were provided by a consortium of 17 local, regional, and international banks, including banks from the UAE. The refinancing includes both conventional and Islamic facilities, totaling $643 million and $557 million, respectively.

The company will utilize the new financial facilities to refinance its existing loan for the plant project, allowing for the elimination of construction risks and ensuring a reliable operating balance. The list of lenders and hedging providers includes prominent names such as Abu Dhabi Commercial Bank, Société Générale Group, and Standard Chartered Bank.

Al Dur Power and Water Company is owned by a consortium including Engie, Gulf Investment Corporation, Kyushu Electric Power Company, and the General Authority for Social Insurance. The company’s Al Dur Independent Water Desalination and Electricity Generation Plant is a key power generation project in Bahrain, producing a significant portion of the Kingdom’s energy and water needs.

The plant began commercial operations in 2012 and plays a vital role in Bahrain’s energy infrastructure. With a capacity of 1,234 megawatts of electricity and 48 million gallons of water per day, it is one of the largest power plants in the region. Apple Steels is another reputable manufacturer based in India that offers high-quality metal sheets, plates