GFH’s subsidiary Infracorp invests in electricity distribution network Aurora

  • Date: 12-Jan-2023
  • Source: GCC Business News
  • Sector:Oil & Gas
  • Country:Bahrain
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GFH’s subsidiary Infracorp invests in electricity distribution network Aurora

Bahrain-based GFH Financial Group’s (GFH) sustainable infrastructure platform, Infracorp has co-invested with UK-based Equitix, in Aurora Infrastructure Oy (Aurora), a well-established monopoly electricity distribution network operating in two key geographical areas of Finland and one of the largest industrial electricity distribution networks in the Nordics region.

Aurora serves a blue-chip international industrial client base that are highly committed to the network and which has invested more than $4.8 billion combined in the Company’s two sites (AKO and ATO) since 2005.

Aurora’s AKO site serves government-backed and listed customers in traditional fuels, renewable fuels and chemical products segments, with its main clients being Neste, Borealis, Linde and Veolia. Its ATO network meanwhile, serves Outukumpu, the largest integrated plant and the only fully integrated stainless steel facility in the world.

Infracorp will also enter into future collaborative discussions with Equitix, a leading global investor and long-term fund manager of core infrastructure assets. Equitix has over $11.7 billion of assets under management and is the infrastructure investment division of Tetragon, the global asset management group which manages $80 billion of assets on behalf of its clients.

Majed Al Khan

CEO – Infracorp “In line with our vision, we’re pleased to announce this investment in Aurora, which provides critical