The restructuring of Bahrain’s power and water sector has brought the country its largest ever privatisation deal.
This week, a consortium of three companies bought the al-Hidd power and water plant from the government at a cost of $738m, one of the largest power privatisations signed in the Gulf Cooperation Council (GCC) area to date. The deal is a significant step toward the complete liberalisation of the kingdom’s power sector, which had lagged behind that of neighbouring countries.
