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.
You might also like...
Ajban financial close expected by third quarter
23 April 2024
TotalEnergies awards Marsa LNG contracts
23 April 2024
Neom tenders Oxagon health centre contract
23 April 2024
Neom hydro project moves to prequalification
23 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.