Zahra Habib
The Shura Council is scheduled to vote in its session next Sunday on a draft law to ratify the framework agreement and the Agency and Security Agreements concluded between the government of the Kingdom of Bahrain and the Islamic Development Bank, to finance the project of establishing the new Al -Jasra station with an effort of 400 kV.
The project is, according to what the Ministry of Electricity and Water Affairs confirmed, among the vital strategic initiatives within the authority’s long -term plan to enhance the efficiency of the electricity transmission network in Bahrain by the year 2027, and to meet the growing demand for electrical energy, in addition to supporting Gulf electrical connection and achieving energy security and operational sustainability standards.
The total cost of the new Al -Jasra station project is about 464.97 million US dollars, of which 200 million dollars are funding from the Islamic Development Bank, equivalent to 43% of the total cost, while the remaining amount will be covered from other financing sources, whether through additional contributions, or from the general budget of the Electricity and Water Authority.
The Ministry of Finance and National Economy explained that the agreement with the Islamic Bank is considered one of the best available financing options, given the low cost of borrowing, and it contains a long grace period of up to 7 years, and a payment that extends over a period of 25 years, which reduces the financial burdens on the budget.
According to the project plan, the preparation and construction period will extend to 32 to 36 months from the start date, and the station is expected to operate the summer of the year 2026, with the warranty period to continue after operation for a period of five years.
