Kuwait’s Imco Engineering & Construction has submitted the lowest bid for an estimated $90m contract to build a series of substations in the north of Kuwait for state-upstream operator Kuwait Oil Company (KOC).

Imco’s price of KD24.5m ($89.1m) came in just KD100,000 below the second placed bidder, India’s Larsen & Toubro with a proposal of KD24.6m.

A total of 35 firms were prequalified but only six firms bid for the deal, including:

• Imco – KD24.5m
• Larsen & Toubro – 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 winning firm will build four 132/11kV electrical substations at the northern Burgan-Ahmadi area.

Kuwaits’s Ministry of Electricity & Water (MEW) is inviting firms to bid for a deal to supply and install eight 132/11kV main substations at Sabah al-Ahmad by 14 June (MEED 3:5:11).