Tenaga JV wins $310m Kuwait power plant deal

Malaysia's Tenaga Nasional Bhd in JV to operate, maintain Shuaiba North Co-General Plant

(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

A joint venture including Malaysian power firm Tenaga Nasional Bhd has won a $310m contract to operate and maintain a power plant in Kuwait.

Tenaga said on Wednesday the KD88.9m contract for the Shuaiba North Co-General Plant was awarded to its unit TNB Repair and Maintenance and Kuwaiti partner Kharafi National.

Tenaga shares ended down 0.1 percent to 8.49 ringgit, underperforming the broader market that rose 0.1 percent.

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