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28 November 2008 - Bahrain has invited international companies to bid for a contract to build and run a 1200 MW power and desalination plant to help meet rising demand, according to tender documents.
The government has asked companies to submit initial bids for the independent water and power plant, or IWPP, by Dec. 6, the tender documents show.
The plant is set to produce up to 600 MW of electricity and 48 million gallons a day of desalinated water by 2010. Capacity will be raised to as much as 1,200 MW by the summer of 2011, according to the documents, which were released by the Bahraini finance ministry.
Companies including International Power PLC and Suez have traditionally been among the bidders for IWPPs in the region and are expected to submit proposals for the Bahrain project at Al Dur.
Bahrain's finance ministry will invite prequalified companies "in the course of the coming weeks" to participate in the tender's final stage, according to the documents.
Persian Gulf countries, benefitting from an economic boom driven by record oil prices, are spending billions of dollars on new infrastructure and industrial projects to diversify their economies and create jobs for their fast growing populations. This in turn is driving up demand for electricity and water.
The Al Dur IWPP is the latest in a series of plants being offered to international companies for investment to help meet spiraling demand in the Gulf countries.
Similar projects are also being tendered in neighboring Saudi Arabia, the United Arab Emirates and Qatar.
BNP Paribas S.A. is the ministry's financial adviser on the project.
Source: Dow Jones Newswires
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