Bids in for Subiya power plant

15 June 2009
Three companies submitted bids for the planned Subiya power plant in Kuwait on 14 June.

They were the US's GE, Spain's Iberdrola Ingenieria Y Construccion and Germany's Siemens.

The same three companies had bid for the project in November 2008 with Siemens as the low bidder.

However, the Electricity & Water Ministry scrapped the tender to protect itself from the Kuwaiti dinar's fall against the US dollar.

Under the new tender, the ministry allowed bidders to price up to 60 per cent of their commercial bids in foreign currency.

The previous tender had called for 100 per cent pricing in dinars.

The gas-fired plant will have power capacity of 2,000MW (MEED 29:4:09).

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