Mubasher: Aluminium Bahrain (Alba) announced on Sunday that it has secured commitments of around $700 million from Export Credit Agency (ECA) supported facilities to finance Line 6 Expansion Project.
The finance facilities are made-up of a dual tranche of $310 million and EUR 315 million SERV Guaranteed Export Credit and EUR 50 million Euler Herms Guaranteed Export Credit, according to the company’s statement.
“The SERV-backed facility will fund the Company’s Power Station 5 (PS5) wherein General Electric (GE), EPC contractor, will provide three 9HA gas turbines, three steam turbines and three heat recovery steam generators (HRSGs),” the company said in a statement to the Bahrain Bourse.
