BDA Advises Consortium on Sale of Stake in Al Dur Power & Water to Kyushu Electric
Summary
New York, NY, September 02, 2021 --( PR.com )-- BDA Partners is pleased to announce that its clients, First Energy Bank, Bahrain Islamic Bank, Ibdar Capital and Bunyah GCC Infrastructure Fund, have successfully sold their respective ownership positions, totalling 20% equity interest, in Bahrain’s main power and water supplier, the Al Dur Power and Water Company (“Al Dur”). Kyushu Electric has almost 70 years of corporate history and, with its subsidiaries and affiliated companies, (“Kyuden Group”), owns and operates generation, transmission and distribution facilities. KIC owns interests in multiple Independent Power Producer assets overseas, including the Taweelah B IWPP project in the United Arab Emirates. Following the acquisition of its stake in Al Dur, Kyuden Group has accumulated equity ownership of 2,675 MW in electricity generation projects outside of Japan. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo.