Bids Invited by KAPP for Al-Zour North Power Plant Project (Phases 2 and 3) Financial Proposals Sought
In a groundbreaking turn of events for one of Kuwait's landmark infrastructure projects, the Kuwait Authority for Partnership Projects (KAPP) has officially revealed that they have opened the financial bids for the second and third phases of the Al-Zour North Power Plant project. This announcement marks a significant stride towards selecting the ideal investor for the project's implementation.
The bid opening follows a stringent tendering process during which several qualified consortia submitted their technical and financial proposals. As per the latest reports, however, it appears that Acwa Power - a Saudi utility developer partnered with Gulf Investment Corporation (GIC) - might be the sole bidder for the contract [3][5].
State indecision and changes in government have extended the process leading up to this point. Initially, TAQA (Abu Dhabi National Energy Company), partnered with local company A.H. Al Sagar & Brothers Co and Japan’s JERA, and Saudi’s ACWA Power as the lead with local firm GIC, were among the qualified parties to bid for the project [1].
As it stands, Acwa Power and GIC are currently engaged in final clarification meetings. This indicates that they are the frontrunners for the project at this critical juncture [3][5]. By assessing and determining the best offer based on value, capability, and long-term viability, KAPP aims to move the project swiftly into its implementation phase. This significant development serves Kuwait's ambitions for energy security and economic diversification, emphasizing the government’s dedication to transparent and competitive bidding processes in partnership with the private sector.
Acwa Power and Gulf Investment Corporation (GIC) have emerged as the potential winners of the financial bids for the second and third phases of the Al-Zour North Power Plant project, considering their ongoing final clarification meetings. If chosen, this partnership could significantly contribute to Kuwait's ambitions for energy security and economic diversification, underscoring the government's commitment to competitive business and finance in the industry.
