News dalla rete ITA

28 Ottobre 2021



The General Secretariat of Kuwait's Council of Ministers expects to receive bids by 23 November for the transaction advisory contract in line with the planned privatization of the   $ 1.26bn North Shuaiba power and water plant   (NSPP) in Kuwait.Four teams submitted a proposal for the transaction advisory role in November last year, including UK-based EY and Deloitte and Abu Dhabi-headquartered Tribe Infrastructure and Cranmore. The resubmission is required because of a minor detail related to the bid bond entity specified in the original request for proposals, a source told MEED.Three phasesAccording to the client, the proposed privatization program will have three phases.The initial phase covers the establishment of a Kuwaiti shareholding company, which will own the NSPP assets. The selected consultants will undertake a valuation of the company and its assets and draft the energy conversion and water purchase agreement (ECWPA) between the shareholding company and the Electricity & Water Ministry (MEW), which currently owns the asset.Phase 2 will cover tendering the shares of the shareholding company and the required rehabilitation measures to improve plant efficiency.The third phase will involve transferring shares to employees and the public.The first phase is expected to be completed within 14 months, the second phase in 29 months, and the third in 36 monthsDesign capacity and performanceBuilt on an engineering, procurement and construction (EPC) lump-sum turnkey basis in 2010-12, the North Shuaiba power plant has been selected as the country's pilot privatization project.The dual-fuel plant has a net power generation capacity of 778MW. It also has three desalination units, running on multi-stage flash (MSF) technology, with a capacity of 45 million imperial gallons a day (MIGD).According to MEW, the plant mainly uses natural gas for operation and fuel liquid gas oil as a backup when natural gas is either unavailable or outside the specified quality or pressure limits. (ICE KUWAIT)

Fonte notizia: MEED