Bahrain’s Alba announces Financial Close for its 680.9MW Power Station

Bahrain’s Alba announces Financial Close for its 680.9MW Power Station

“Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, announced in a statement that it 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”, as stated by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, in the virtual signing ceremony with Sinosure on Monday 14 November 2022.

The Chief Executive Officer Mr. Ali Al Baqali, the Chief Power Officer Mr. Amin Sultan, the Chief Financial Officer Mr. Bryan Harris joined the virtual ceremony along with senior representatives from SEPCOIII to include its Vice President Mr. Jie Li, senior officials from Sinosure Shandong including its President Mr. Wei Shaomin as well as senior officials from BNP Paribas China and BNP Paribas Middle East including the Head of Middle East and Africa Mr. Amine Bel Hadj Soulami.

Adding further, Alba’s Chairman of Board of Directors Shaikh Daij Bin Salman Bin Daij Al Khalifa stated, “We are very pleased to have relied on Sinosure, for the first time in Alba’s history, to finance Block 4 of PS5 and we