HIDD AND SEEK
- From: Vol 12, Issue 8 (August 2011)
- Category: Need to know
- Region: Middle East
- Country: Bahrain
- Related Companies: GdF Suez Energy International, International Power and Sumitomo
As a guest you can read up to 3 full articles before a subscription is required.
You can read a further 2 articles for free.
International Power is preparing the sale of a 30% stake in the Hidd power and water plant, the 400,000m3/d & 910MW IWPP that provides some 75% of Bahrain’s water. 30% owner Sumitomo has first refusal to buy the stake, which it has confirmed it will be permitted to hold under Bahraini law.
30% owner Sumitomo has first refusal to buy the stake, which it has confirmed it will be permitted to hold under Bahraini law. IP’s 45% shareholding in the Ad Dur project – which it acquired as a result of the business combination with GDF Suez Energy International – raised its exposure to the Bahraini IWPP market above the threshold that the authorities are happy with, triggering the sale of the Hidd stake. If it does go to the open market, it will offer a fascinating insight into investor appetite for operational power and water assets in the Gulf.