Market waiting for Hidd IWPP stake sale
- From: Vol 12, Issue 8 (August 2011)
- Category: General
- Region: Middle East
- Country: Bahrain
- Related Companies: ACWA Power, AES Corporation, GdF Suez Energy International, HSBC, International Power, Qatar Electricity & Water Co and Sumitomo
Regulations have forced IP to sell off a stake in the Bahrain IWPP. If co-owner Sumitomo chooses not to buy in, it is likely to be a key target for financial investors hungry for stable returns in the troubled region.
Global power and water plant owner International Power is considering the sale of a 30% stake in the Hidd IWPP in Bahrain, a move that will be a key test of the appetite for secondary market assets in the Gulf – if it goes onto the open market.
Co-owner Sumitomo, which itself currently holds a 30% stake in the project company ...
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