During 2009, FEB successfully completed a 9% stake acquisition in the Al Dur Independent Water and Power Project (IWPP), the largest of its kind in the Kingdom of Bahrain. This is part of FEB strategy of building up a book of top quality energy related infrastructure assets.
The Al Dur project is located on the southeast coast of the Kingdom and is valued at a total of USD2.2 billion. It is expected to produce 1,234 megawatts of power and 48 million gallons of water per day when operational. This project represents an important addition to the Kingdom of Bahrain and will help meet the rising demand for both power and electricity going forward. The project achieved early commercial operation date in September 2010.