Suez bids low for Addur plant

24 July 2008
A team of Belgium’s Suez Energy International and Kuwait’s Gulf Investment Corporation is the lower bidder for Bahrain’s Addur independent water and power project (IWPP). Price offers for the project were opened on 24 July.

The Suez-led consortium submitted an offer of BD13.972 ($37.1) a megawatt hour (MWh) of power.

A group of Saudi Arabia’s Acwa Power Projects and Korea Electric Power Corporation offered a tariff of BD14.725 a MWh.

Technical proposals for the $2bn scheme were opened on 5 June. An award on the project is expected within a week.

The successful bidder will design, finance, construct and commission the plant on a build-own-operate basis.

The project will have a capacity of 1,100-1,250MW of power and 48 million gallons a day of desalinated water (MEED 23:7:08).

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