Kyuden International Corporation, a member of the Kyuden Group, is pleased to announce that on August 25, 2021, it made an equity participation in the Al Dur 1 Independent Water & Power Producer Project (“Al Dur 1”) in the Kingdom of Bahrain through an acquisition of 19.8% indirect equity interest in Al Dur Power and Water Company B.S.C. (C).
Located on the southeast coast of the Kingdom, the powerplant Al Dur 1 supplies both electricity and water to the Bahrain Electricity and Water Authority, as stipulated in the Power and Water Purchase Agreement. By using gas turbines that operate on natural gas, the plant’s energy production capacity is 1,234 MW (equity ownership of 244 MW) and the amount of desalinated water production reaches approximately 218,000 tons (equity ownership of approximately 43,000 tons) per day.
The project Al Dur 1 is the 2nd IWPP project in the Middle East for the Kyuden Group, after its participation in Taweelah B IWPP project in the United Arab Emirates in 2020.
By this acquisition, Kyuden Group has acquired an equity ownership of 2,675 MW in overseas electricity generation projects. By using our top-class technological prowess and expertise, we aim to achieve the equity ownership target 5,000 MW set for 2030, which is one of the business performance targets listed in the Kyuden Group Management Vision 2030.
Location of Al Dur 1
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