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.