Aluminium Bahrain (ALBA)

ALBA PS 5 Block 4 Project - Sinosure Covered Loan

Industry
Power/Gas-fired combined cycle
Area of finance
Project & Infrastructure Finance
Region
Middle East
Countries
Bahrain

Deal Overview

Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, has reached the financial close for its Block 4 of Power Station 5 (PS5) that will add 680.9 megawatts (MW), which once completed will increase the nameplate capacity of PS5from 1.8GW to more than 2.4 GW. The...

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Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, has reached the financial close for its Block 4 of Power Station 5 (PS5) that will add 680.9 megawatts (MW), which once completed will increase the nameplate capacity of PS5from 1.8GW to more than 2.4 GW. 

The facility is made up of US$225 million China Export and Credit Insurance Corporation (“SINOSURE”) supported-facility with a 15-year tenor and a competitive interest rate wherein the principal amount will be repaid over a 15-year period including a 3-year grace period. 

SEPCOIII along with Mitsubishi Power are responsible to design, engineer, procure, construct and commission the Combined Cycle Gas Turbine Power Block comprising M701JAC gas turbine, an air-cooled version of J-series gas turbines and a steam turbine.

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Deal Volume
$ 225m
Financial Close
10 August 2022
Sources
Submitted by participant(s), Press release, TXF article

All Dealmakers

Thibault Boulanger

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Tranches


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Projects

Alba Power Station 5 Block 4 Project

Greenfield
Gas-fired combined cycle
Middle East
Bahrain
$ 225m

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