Construction Begins on $500 Million Al-Ezzel Bahrain Power Project

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). The consortium of Tractebel EGI and Kuwait-based Gulf Investment Corporation (GIC) are the preferred bidders for the estimated $500 million Al-Ezzel independent power plant (IPP) 1,000 megawatt natural gas-fired power station, which was awarded by Bahrain's Ministry of Finance & National Economy (MoFNE). The power station is to be located adjacent to the existing Al-Hidd power and water complex in Bahrain's northeast region on Muharraq Island.

Civil/Site preparation construction has begun on the 1,000 megawatt power plant and the project has been scheduled in two phases, with the first phase of 470 megawatts to be completed by 2006 and the second phase to follow by first quarter 2007. The project will meet one-third of Bahrain's total energy requirements by 2007 and will be the country's first privately-owned power plant.

Siemens Power Generation (Erlangen, Germany) (NYSE: SI- ADR) has been selected by the consortium for the engineering, procurement, and construction (EPC) contract for this project. The power plant will consist of four combustion turbine generators, each with a heat recovery steam generator (HRSG) to produce enough steam to drive two steam turbine generators and auxiliary equipment. The plant will feature Siemens' latest low-NOx combustion system, which meets today's most stringent environmental standards.

Tractebel Electricity & Gas International (Tractebel EGI) is the SUEZ business line responsible for the company's energy activities outside Europe. SUEZ lists its common stock on the New York Stock Exchange by way of American Depositary Shares. TRACTEBEL SA merged with Societe Generale de Belgique SA. The name of the company created as a result of the merger is SUEZ-TRACTEBEL SA, a wholly owned subsidiary of SUEZ. Tractebel EGI has approximately 4300 employees in 17 different countries, with $4.491 billion in 2003 revenues and 26,000 megawatts of installed power capacity.

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