Investors urged to table bids for Sitra power, water station in Bahrain

Investors urged to table bids for Sitra power, water station in Bahrain

Mazad, an auction administrator and subsidiary of the Bahrain Mumtalakat Holding Company (Mumtalakat), has announced that the open auction for the Sitra Power and Water Station is scheduled to end at 10 am on May 23 and has encouraged prospective investors to table bids before then.

The site is owned by the Electricity and Water Authority who have collaborated with Mazad in finding a buyer.

The auction began in early February with the bidding starting at BD10,200,000. Whoever purchases the Sitra plant will be responsible for dismantling all of the station's equipment in addition to removing the structures and foundations of the production units and their accessories. They will also be responsible for sourcing the necessary tools and machinery to implement the plant’s disassembly.

The Sitra plant was operational for over 40 years prior to its closure in 2021. The site has highly specialised equipment which could be repurposed including; six desalination distillers with a processing capacity of up to 25 million gallons per day; six steam boilers; four 25 MW capacity steam turbines with generators; a gas turbine with a capacity of 25 MW; two gas reduction stations; numerous pumps, transformers, switches and electrical cables.

Commenting on the auction process, Talal Al Araif,