Bids in for Kuwait private power consultancy deal

11 November 2009

Winning firm to carry out financial, technical and legal due diligence

Companies submitted bids for the consultancy contract on the planned independent water and power project (IWPP) in Kuwait on 10 November.

The winning bidder will carry out financial, technical and legal due diligence on the project, and prepare a feasibility study to determine the best structure for the scheme. The successful team of consultants will also act as the transaction adviser if the project goes ahead, managing the tendering process.

The IWPP comprises a combined-cycle or thermal power plant with capacity of 1,500MW and a 100-million-gallon-a-day (g/d) desalination plant.

A private developer will then design, build, finance, operate and maintain the IWPP through a special purpose vehicle

The Partnerships Technical Bureau, part of the Finance Ministry, is supervising the project.

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