The move is part of an effort to boost electricity supplies to meet rising domestic demand
Kuwait plans to seek bids this month or in February for the construction of its $2.7bn North Zour power plant, as part of an effort to boost electricity supplies to meet rising domestic demand.
“We’ve completed environmental, financial and technical studies and started the pre-qualification phase,” said Hashem Altabtabaei, the technical team leader at the Partnerships Technical Bureau and a finance ministry official. “The project will be tendered for investors this month or next,” he told a forum in Kuwait City on Wednesday.
The project’s consultant is BNP Paribas SA, Altabtabaei said. General Electric Co and GDF Suez are among the companies approved to bid for the plant’s construction, the Middle East Economic Digest reported on Dec 20.
North Zour power station, to be built in the south of the desert Gulf state, will have a capacity of 1,500 megawatts and start operating in June 2012, the Partnerships Technical Bureau’s president Adel al Roumi said in an interview last June. The facility is one of five that authorities want to build, with a combined capacity of 4,800 megawatts.
The bureau, which oversees the government’s Public-Private Partnership programme, is selecting a strategic investor and establishing the company that will be responsible for building North Zour.
Kuwaiti power demand is increasing at an annual rate of 8 percent. The country must raise its generating capacity to supply a growing number of factories and homes and to develop new industries such as tourism.