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GDF Suez and GIC annouce Al-Dur finance agreement

Posted on 27 July 2009

From Arabianoilandgas.com: The Gulf Investment Corporation (GIC) and French engineering contractor GDF Suez have announced that the limited recourse financing of the US$2.1 billion Al-Dur Independent Water and Power Producer project in Bahrain has been completed.

“The success of this major finance agreement is strong evidence of the confidence of the banking community in the strength of the consortium and the economic development of Bahrain,” Guy Richelle, CEO of GDF Suez Energy MEAA region said…………Full Article: Source

 
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