$940m accord for power sector in Bahrain
01 May 2016
Bahrain has signed a $940-million agreement with Kuwait to develop electricity networks in the country.
Bahrain’s Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa signed the deal and an amended agreement with Kuwait Fund for Arab Economic Development (KFAED) director Abdulawahab Al Bader.
It includes a $200-million grant – which is part of a GCC support plan – to develop a 220- and 66-kV electricity transmission network in Bahrain, the KFAED said.
The amended agreement, meanwhile, is to fund an electricity transmission network of 400 kV by building three power stations costing $740 million. The previous agreement was set at giving $250 million. Under the GCC support plan, Kuwait is committed to paying $2.25 billion over 10 years.
- SSH success in Bahrain, Kuwait
- $1.2bn Qatar oasis well under way
- New Qatar highways make headway
- Qatar Rail unveils metro, tram designs
- ACES tests Oman highway
- $940m accord for power sector in Bahrain
- Al Meera to build shopping centres
- L&T wins key Oman contracts
- Update
- Kuwait pushes ahead with $20bn PPPs
- Public projects win GSAS recognition
- Capital launches $4bn Egypt project
- Fischer CEO wins lifetime award
- Oman to issue tenders for logistics city
- Bahrain terminal makes progress
- Major facility for Sohar Port
