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
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 ...
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