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.”