Bids Invited by KAPP for the Financial Aspects of Al-Zour North Power Plant Project (Stages 2 & 3)
In a massive stride for Kuwait's significant infrastructure project, the Kuwait Authority for Partnership Projects (KAPP) made an exciting announcement yesterday - the official opening of financial bids for the second and third phases of the Al-Zour North Power Plant project! This milestone marks the final steps before evaluating and selecting the ideal investor for the project's implementation.
This move comes after a series of intensive, meticulous tendering processes during which qualified consortiums submitted their proposals, adhering to the framework of Kuwait's Public-Private Partnership (PPP) program. As reported by Al-Rai daily, this bid opening now puts KAPP in an advantageous position to review and select the most beneficial offer, considering value, capability, and long-term viability for the project.
The Al-Zour North project is crucial to Kuwait's strategy for expanding and modernizing its power and water production infrastructure with private sector participation. Once a preferred bidder is selected, it's expected to ignite a swift transition into the project's implementation phase, significantly impacting Kuwait's energy security and economic diversification goals.
This latest development underscores the state's firm commitment to fair and competitive bidding processes in delivering national projects in tandem with the private sector.
Who's in the running for the second and third phases of the project? Some key contenders include:
- A powerhouse consortium fronted by ACWA Power in affiliation with the Gulf Investment Corporation (GIC). This duo is the sole bidder at present, engaging in final clarifications ahead of the contract awarding. The proposed integrated facility boasts a staggering power generation capacity of 2,700 MW and a desalination capacity of 120 million imperial gallons per day.[2][3]
- Another contender is a consortium led by TAQA (Abu Dhabi National Energy Company), partnered with local Kuwaiti firm A.H. Al Sagar & Brothers Co, and Japan’s JERA. Though TAQA-led consortium is qualified to bid for the project, ACWA Power-GIC seems to be leading the race at the moment.[1]
- International interest and involvement can be seen in a consortium featuring China Power International Holding, Malaysia's Malakoff International, and Saudi Arabia's Abdul Aziz Al Ajlan Sons Co, participating in the financial bids for these phases.[1]
All eyes are on the eagerly anticipated contract awarding, due after completion of final clarifications. Keep an eye out for more updates on this exciting project!
The ACWA Power and Gulf Investment Corporation consortium, the only bidder currently, is in discussions over final clarifications before the contract awarding for the second and third phases of the Al-Zour North Power Plant project. The TAQA (Abu Dhabi National Energy Company), A.H. Al Sagar & Brothers Co, and JERA-led consortium is also among the contenders, albeit trailing ACWA Power-GIC at present. International involvement in the bidding process includes a consortium comprising China Power International Holding, Malakoff International, and Abdul Aziz Al Ajlan Sons Co. The signing of the contract, following the resolution of final clarifications, will mark a significant step in the implementation of these phases, furthering Kuwait's industry and finance for business expansion.
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