Four 132/11kV substations for Kuwait Oil Company
Kuwait’s Central Tenders Committee (CTC) has approved the local Imco Engineering & Construction for a $89.5m contract to build four electrical substations in the north of the country for state-upstream operator Kuwait Oil Company (KOC).
Imco emerged as the frontrunner for the deal after submitting a price of KD24.5m ($89m) in early May. A total of 35 bidders have been prequalified for this tender, but only six local and international firms submitted bids. These are:
- Imco – KD24.5m
- Larsen & Toubro (India) – KD24.6m
- Kharafi National (local) – KD25.5m
- National Contracting Company (local) – KD28.6m
- Siemens (Germany) – KD30.5m
- Al-Ahlia Trading & Contracting Company (local) – KD32m
The firm will build four 132/11kV electrical substations in the north of Kuwait, at Burgan and Al-Ahmadi in southeast Kuwait (MEED 4:5:11).
KOC awarded a total of $512m-worth of contracts in August. This includes two lease agreements with the UK’s Wood Group and the US’ Schlumberger worth more than $170m each. The local Safwan Petroleum Technologies Company was also awarded a $90m deal for well-testing services.
You might also like...
Partanna and Saudi firm tests carbon negative concrete
25 April 2024
Hassan Allam and Siemens confirm Hafeet Rail award
24 April 2024
UAE builds its downstream and chemical sectors
24 April 2024
Acwa Power eyes selective asset sales
24 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.