Press Releases
15/12/2005
Bahrain - preferred bidder status
(London – 15 December 2005) International Power – in consortium with Suez Energy International and Sumitomo Corporation – was today awarded preferred bidder status to acquire the Al Hidd Independent Water and Power Project from the Government of Bahrain. The project has been awarded on a build, own, operate basis, 40% to International Power 30% to Suez Energy International and 30% to Sumitomo Corporation.
The project comprises the acquisition of a five-year old 910 MW combined cycle gas turbine (CCGT) and 30 MIGD water desalination plant, located on the east coast of Bahrain. In addition, a 60 MIGD water desalination expansion will be implemented which is expected to be in operation by the end of 2007. The power and water output from the facility will be sold to the Ministry of Electricity and Water (MEW) under a 20-year Power and Water Purchase Agreement (PWPA).
International Power will provide financial information relating to its investment in the project on signing of the PWPA, which together with financial close is expected early in 2006.
For further information please contact:
Media Contact:
Sara Richardson
+44 (0)20 7320 8619
Investor Contact:
Aarti Singhal
+44 (0)20 7320 8681
About International Power
International Power plc is a leading independent electricity generating company with 16,278 MW (net) in operation and 1,729 MW (net) under construction. International Power has power plants in operation or under construction in Australia, the United States of America, the United Kingdom, the Czech Republic, Italy, Portugal, Spain, Turkey, Oman, Qatar, Saudi Arabia, the UAE, Indonesia, Malaysia, Pakistan, Puerto Rico and Thailand. International Power was listed on the London Stock Exchange and the New York Stock Exchange (as ADRs), on 2 October 2000. The ticker symbol on both stock exchanges is "IPR".
