Kuwait seeks transaction adviser for major IWPPs

06 December 2018
State public-private partnership (PPP) body is seeking single adviser for next two major independent water and power projects

Kuwait Authority for Partnership Projects (KAPP) has invited firms to submit proposals for the transaction advisory role on the planned Al-Zour North phase 2&3 independent water and power project (IWPP) and the Al-Khiran 1 IWPP.

The Al-Zour phase 2&3 IWPP will merge the previously planned second and third phases, and will have a generation capacity of 2,700MW and a desalination capacity of 165 million imperial gallons a day (MIGD).

The Al-Khiran 1 IWPP will have a power capacity of 1,800MW and a desalination capacity of up to 125 MIGD. MEED reported in November that KAPP had received expressions of interest (EOIs) from developers for the two IWPPs.

Phase 2&3 of the Al-Zour IWPP will replace the previously planned Al-Zour North 2 IWPP scheme following the cancellation of the tender in 2017.

Following the prequalification process, the tendering of the Al-Zour 2&3 and Al-Khiran 1 projects will be staggered to maximise participation.

“We are going to have a six-month gap between the two tenders,” Muneera al-Bahar, senior engineer at KAPP, recently told MEED. “We came to this decision following a workshop we had with investors, and the view was that this gap is important for financing as most of them are interested in investing in both.”

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