Kuwait opens financial bids for $3.9bln Az-Zour North IWPP Phases 2 & 3
The session was attended by representatives of the qualified bidders, the post said.
Az-Zour North IWPP Phases 2 & 3 involve the financing, design, construction, operation, maintenance, and transfer of a combined power and desalination plant with a minimum capacity of 2,700 megawatts (MW) of power and 120 million imperial gallons per day (MIGD) of desalinated water, according to previous KAPP statements.
The facility will use Liquefied Natural Gas and high-pressure natural gas, with gas oil as a backup fuel, and will connect to the national grid via a 400 kV transmission substation.
Three consortiums and two companies were qualified to bid for the project, according to the project's Request for Proposal (RFP) notice. These were:
• Consortium led by TAQA (Abu Dhabi National Energy Company) with local company A.H Al Sagar & Brothers Co and Japan's JERA as members
• Saudi's ACWA Power as lead, with local firm Gulf Investment Corporation
• China Power International Holding as lead, with Malaysia's Malakoff International and Saudi Arabia's Abdul Aziz Al Ajlan Sons Co as members.
• In addition, Qatar's Nebras Power and Japan's Sumitomo Corporation were among the qualified companies.
The project will be implemented by the winning bidder under a Public-Private Partnership (PPP) agreement extending up to 27 years and 8 months (investment period). The project company will sign a 25-year Energy Conversion and Water Purchase Agreement (ECWPA) with the Ministry of Electricity & Water & Renewable Energy (MEWRE) starting from the project's commercial operation date.
The project is estimated to cost 1.2 billion Kuwaiti dinars ($3.9 billion), a January 2025 report by Zawya Projects said.
It will be located adjacent to the existing Az-Zour North Phase 1 facility and Az-Zour South power complex, around 100 kilometers south of Kuwait City.
The tendering process was launched with an Expression of Interest (EOI) in July 2018. The qualified bidders were announced on 3 December 2023 followed by Request for Proposal (RFP) on 27 March 2024.
KAPP and MEWRE are supported by Ernst & Young as lead and financial advisor, Addleshaw Goddard as legal advisor, and Atkins as technical and environmental advisor.
(Writing by SA Kader; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
3 hours ago
- Zawya
Saudi Arabia sees 144% surge in new mining exploitation licenses in H1 2025
RIYADH — Saudi Arabia recorded a 144 percent increase in new mining exploitation licenses during the first half of 2025 compared to the same period last year, according to a statement issued Thursday by the Ministry of Industry and Mineral Resources. The ministry said it issued 22 exploitation and small-mine licenses in the six-month period, up from just nine in H1 2024, representing a total investment exceeding SR134 million ($35.7 million). The ministry attributed the significant growth to reforms aimed at improving the investment climate in the mining sector, which is emerging as a central pillar in the Kingdom's economic diversification plans. Ministry spokesperson Jarrah Aljarrah confirmed that 23 mining companies obtained licenses in the first half of 2025, including 16 firms receiving their first-ever mining license. The licensed areas span 47 square kilometers and are expected to produce 7.86 million tons annually of various minerals including salt, clay, silica sand, low-grade iron ore, feldspar, and gypsum. As of June 2025, Saudi Arabia had 239 active exploitation and small-mine licenses, including 32 category A licenses for strategic minerals such as gold, copper, phosphate, and bauxite. The remaining 207 category B licenses cover industrial minerals like silica sand, gypsum, limestone, salt, and clay. The ministry reiterated its commitment to expanding the mining sector as a key driver of the Kingdom's industrial future. It aims to unlock an estimated SR9.4 trillion ($2.5 trillion) in untapped mineral resources, positioning the sector as a third pillar of the Saudi industrial economy. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
4 hours ago
- Zawya
IMF sees risk that UK is knocked off course to fix public finances
The International Monetary Fund said Britain's government risked being knocked off course for meeting its targets to repair the public finances and it urged finance minister Rachel Reeves to give herself more leeway through tax or spending measures. In a final version of an annual report on Britain's economy, the IMF said changes introduced by Reeves to the government's deficit reduction plans had enhanced the credibility and effectiveness of fiscal policy. "Risks to this strategy must be carefully managed. In an uncertain global environment and with limited fiscal headroom, fiscal rules could easily be breached if growth disappoints or interest rate shocks materialize," the IMF said. The Fund also said the risk of overly-frequent changes to tax and spending policy could be reduced by changes including the creation of more fiscal room for manoeuvre by Reeves to meet her targets. "The first best (option) would be to maintain more headroom under the rules, so that small changes in the outlook do not compromise assessments of rule compliance," it said. In response to the report, Reeves said in a statement that the Fund had backed her choices for Britain's economy to recover and that her plans would "tackle the deep-rooted economic challenges that we inherited in the face of global headwinds." Reeves is under pressure to raise taxes later this year to remain on course to meet her budget targets, having already increased social security contributions paid by employers and along with revenue-raising measures in late 2024. (Writing by William Schomberg, editing by William James)
Zawya
6 hours ago
- Zawya
Salam signs agreement with Syria's Ministry of Communications and Technology to expand digital infrastructure and foster regional integration
Riyadh, Saudi Arabia: As part of the Saudi-Syrian Investment Forum held in Damascus under the patronage of Syrian President Ahmed al-Sharaa, Etihad Salam Telecom Company ('Salam') signed a Memorandum of Understanding (MoU) with the Ministry of Communications and Technology in the Syrian Arab Republic. The agreement aims to develop Syria's digital infrastructure and expand access to high-quality telecommunications services. The MoU outlines plans to explore establishing IP Points of Presence (IP Nodes PoPs) in Damascus and Aleppo, enabling Salam to provide high-reliability local and international Tier-1 connectivity. This will support the broader goals of digital transformation and technological development in Syria. Salam's participation in the forum underscores its commitment to enhancing regional digital and knowledge integration and applying global best practices in telecommunications and ICT. Since 2005, the company has leveraged its experience and achievements to solidify its leadership in Saudi Arabia and across the Middle East. During his speech at the forum, His Excellency Eng. Khalid bin Abdulaziz Al-Falih highlighted the collaborative efforts between Saudi Arabia and Syria in telecommunications and ICT. He also extended his gratitude to His Excellency Abdulsalam Haykal, Minister of Communications and Technology in Syria, for maintaining close dialogue with Saudi companies. He stated: 'Our joint efforts aim to strengthen cybersecurity capabilities and develop advanced systems in programming, artificial intelligence, data centres, and educational academies in Syria. The estimated value of these investment agreements is approximately SAR 4 billion.' Commenting on the occasion, Abdullah AlRufaidi, Vice President of Wholesale and Carrier Relations at Salam, said: 'Our participation in the forum reflects Salam's commitment to advancing regional cooperation, innovation, and digital transformation. By drawing on our successful business model in Saudi Arabia, we aim to deliver scalable, reliable telecom services that empower Syria's digital infrastructure and economic growth.' This initiative aligns with the Kingdom's broader vision to promote regional digital integration, enhance infrastructure readiness, and drive sustainable technological advancement through impactful partnerships. It reflects the leadership's commitment to fostering deeper cooperation with the Syrian Arab Republic, advancing strategic collaborations in technology and economics, and building a foundation for stronger bilateral ties based on innovation and shared development. About Etihad Salam Telecom Company Etihad Salam Telecom Company is one of the leading national companies in Saudi Arabia's telecommunications and information technology sector. Recognized as the Kingdom's fastest-growing and most innovative telecom brand, Salam has operated one of the region's most established telecom networks since 2005. The company provides cutting-edge ICT solutions for businesses, government entities, and carriers locally and internationally, along with fixed and mobile services supporting Saudi Arabia's digital transformation. As a key enabler of Saudi Vision 2030, Salam offers advanced telecommunications, cloud computing, data centers, and digital infrastructure. Its subsidiaries, Salam Mobile Telecom Company and Technical Links Services (TLS) ensure the delivery of innovative solutions and seamless connectivity across the Kingdom.
