Skip to content Skip to Search
Skip navigation

Bahraini power company completes $1bn refinancing

Bahrain recorded its highest electricity load in its history of 3,819MW in August 2023 Alamy via Reuters
Bahrain recorded its highest electricity load in its history of 3,819MW in August 2023
  • Al Dur has 25-year purchase agreement
  • Refinancing facilities up to 11 years
  • Power generation and water desalination

Bahrain’s Al Dur Power & Water Company has closed a $1.2 billion refinancing facility provided by a syndicate of 17 local, regional and international banks.

The kingdom’s largest power generation and water desalination company will use the funds to refinance its existing project-level debt.

The refinancing facilities extend up to 11 years and include a $643 million conventional facility and a $557 million Islamic facility.



Al Dur is a $2.2 billion gas-fired power generation and seawater reverse osmosis desalination plant.

It started operations in early 2012 and has a capacity of 1,234 megawatts (MW) in power and 48 million gallons per day of water. 

The company benefits from a 25-year power and water purchase agreement entered into with the kingdom’s electricity and water authority, EWA.

Al Dur Power & Water Company is owned by a consortium comprising ENGIE, Gulf Investment Corporation, Kyushu Electric Power Company and the Social Insurance Organisation (SIO).

Bahrain recorded its highest electricity load in its history at 3,819MW in August last year, an increase of almost 3 percent compared to the previous summer.

The number of failures in high-voltage cables last summer dropped by 11 percent and the percentage of failures in low-voltage cables fell by 13 percent.

Latest articles

Opec Secretary General Haitham Al Ghais says peak oil 'is not on the horizon'

Upstream oil and gas ‘needs more annual investment’

Annual capital expenditure for exploration and production in the upstream sector of the oil industry needs to increase by 22 percent by 2030 because of growing demand and cost inflation, experts say. A cumulative $4.3 trillion needs to be invested between 2025 and 2030, according to a report by the International Energy Forum (IEF) and […]

Turkey foreign property sales

Foreigners turning back on Turkish real estate

Foreign buyers are increasingly shunning the Turkish property market, wary of high prices, the expensive cost of living and a less welcoming environment for overseas real estate investors. There were only 2,064 residential units sold to foreign buyers in May, 35 percent down on the same month last year, data issued by the state statistics […]

2KEY8G1 Emirates Airline Airbus A380 aircraft landing. Aerial view of Emirates Airlines A380-800 airplane. An Emirates plane coming in to land at LAX; a spokesperson for Emirates said the contraventions were for safety reasons

US fines Emirates for operating in prohibited airspace

Emirates has been fined $1.5 million by the US Transportation Department for operating flights carrying JetBlue Airways’ JBLU.O designator code in prohibited airspace. The transportation department said that between December 2021 and August 2022, Emirates operated a significant number of flights carrying the JetBlue Airways code between the United Arab Emirates and the United States […]

Egypt will use the US funding across a range of sectors including agriculture

US allocates $130m development funding to Egypt

The US has allocated funding of $130 million for a range of developmental projects in Egypt, it was announced on Thursday. In a press release published by the US Embassy in Cairo, ambassador Herro Mustafa Garg said that the money would go towards “advancing Egyptian efforts to achieve a brighter, healthier, and more prosperous future […]