Bahrain moves to finance vast utilities deals
Kingdom seeks US $1.3 bn loan for power and water projects
Bahrain’s cabinet has approved plans to obtain a US $1.3 billion (BD500 million) loan to finance power and water projects in the country.
Of this sum, $849 million will be spent on upgrading 220kV and 66kV electricity projects over the next five years, said the Gulf Daily News.
The other $477 million will go towards improving Bahrain’s water network.
The same cabinet session also approved the building of 10 more power stations, the expansion of four others, and the installation of 380 kilometres of underground cables. Bahrain is already building 29 66kV stations, and expanding the water grid.