The 2010 Global Water Awards: Desalination Deal of the Year

• From: Vol 11, Issue 2 (February 2010)
• Category: Market insight
• Region: Unspecified
• Country: Australia and China
• Related Companies: Agricultural Bank of China, Algerian Energy Company , Algérienne des Eaux (AdE), Arab Banking Corporation, Banque Nationale d’Algérie, Befesa, BNP Paribas, Calyon, China Construction Bank, China Exim Bank, China Merchants Bank, Degrémont (Suez), First Bahrain Bank, First Energy Bank, GdF Suez Energy International, Gulf Investment Corporation, Hyflux, Instrata Capital, Korea Export Insurance Corporation, Macquarie Bank, Mashreqbank, Melbourne Water, Qingdao Soda Ash Industrial Co Ltd, Royal Bank of Scotland, Standard Chartered Bank, Suez Environment , Thiess, US Exim Bank and Zurich Insurance

For the deal signed during 2009 which represents the most significant step forward for the industry in terms of financial innovation or in meeting the demands of challenging circumstances.

Ad Dur

What is it?
A financing package to fund the 218,000m3/d and 1,234MW independent water and power project (IWPP) at Ad Dur in Bahrain, using seawater reverse osmosis.

Who is responsible?
GdF Suez Energy International and Gulf Investment Corporation together hold 70% of the project company, with First Energy Bank, Instrata Capital and First Bahrain Bank ...