Three groups submitted bids for the independent water and power project in June
Kuwait has invited two of the three bidders for clarification meetings for the Al-Zour North 2 independent water and power project (IWPP).
According to sources close to the scheme, the Kuwait Authority for Partnership Projects (KAPP), the countrys public-private partnership (PPP) body, and the Ministry of Electricity & Water (MEW), have held clarification meetings with the two Japanese-led consortiums:
- Marubeni Corporation (Japan) / Fouad al-Ghanim & Sons (local)
- Sumitomo Corporation (Japan) / Osaka Gas Company (Japan) / National Industries Holding Group (local)
According to sources, the third bidder, the consortium led by Saudi Arabias Acwa Power and Japans Mitsui, has not been invited for further meetings or participation in negotiations.
The client received technical and commercial bids from the three bidders on 21 June. Under Kuwaits IWPP model, commercial tariff prices will not be opened until after the technical evaluation, which, according to sources close to the scheme, has still not been completed.
The Al-Zour North 2 IWPP will have a power generation capacity of 1,500MW and a desalination component of at least 102 million imperial gallons a day (MIGD).
As with the first Al-Zour North IWPP, the phase 2 scheme will run on natural gas as the main feedstock and gas oil, which will be provided by the MEW.
You might also like...
Teams form for Neom International airport
02 May 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.