GDF SUEZ-led Consortium awarded 'Successful Bidder' for the first Independent Water and Power Project in the State of Kuwait
- Kuwait: Tuesday, January 08 - 2013 at 13:12
- PRESS RELEASE
GDF SUEZ is pleased to announce that, after finalization of the project agreements,its consortium with Sumitomo Corporation (Japan) and Kuwaiti partner Abdullah Hamad Al Sagar & Brothers, has been nominated'successful bidder' for the Az Zour North Independent Water & Power Project (IWPP) in Kuwait by the State's Partnerships Technical Bureau (PTB).
Shankar Krishnamoorthy, CEO and President of GDF SUEZ Energy Middle East, Turkey & Africa,said:
"I would like to thank the Partnerships Technical Bureau for the constructive and cooperative negotiations that have led to the award of the Az Zour North project to our consortium. GDF SUEZ is proud to be the first international investor in private power and water development in Kuwait and to partner with the PTB to develop quality infrastructure for the people of Kuwait."
The capacity of the plant will account for approximately12% of Kuwait's installed generation capacity and about 23% of its installed desalination capacity. All of the plant's output will be purchased by the Kuwait Ministry of Electricity and Water under a 40-year long-term Energy Conversion and Water Purchase Agreement (ECWPA). The plant is expected to start commercial operation in 2015.
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