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).