GE Energy Financial Services, the energy investing unit of General Electric (NYSE:GE), supported the raise of ECA financing for Aluminium Bahrain's 1,792 MW combined-cycle gas-fired power plant in Bahrain, which will power the world’s largest single-site smelter.
The $310.4m and €310.3m loans for goods and services provided to the project are being backed by Swiss export credit agency (“ECA”), SERV. Due to the project procurement strategy, reinsurance for the facility is being provided by Bpifrance and SACE, France and Italy’s ECAs respectively.
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