General Electric takes lead on Subiya power project
Kuwait’s Central Tenders Committee has recommended that the Electricity & Water Ministry award a contract for a planned power plant at Subiya to a team of the US’ General Electric (GE) and South Korea’s Hyundai Heavy Industries.
GE was the low bidder for the scheme with a price of KD759m ($2.6bn).
The GE-led group submitted its bid in both local and foreign currency as KD381m and $1.4bn.
The price covers the cost of construction of the power plant, operation and maintenance costs for a seven-year period, and the supply of spare parts.
Two other groups also bid for the engineering, procurement and construction contract.
They were a consortium of Spain’s Iberdrola Ingenieria Y Construccion and the local Kharafi National; and Germany’s Siemens with South Korea’s Doosan Heavy Industries & Construction and the local Al-Ghanim International.
The gas-fired Subiya plant will have a capacity of 2,000MW (MEED 1:7:09).
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.