TNB wins $315m Shuaiba O&M dealby Adam Lane on Jan 22, 2013
Kuwait’s Central Tender Commission (CTC) has issued a letter of award (LOA) for the operation and maintenance of Kuwait’s Shuaiba North Co-Generation plant. A joint venture between a Malaysia’s TNB REMACO (a subsidiary of Tenaga Nasional Berhad) and Kharafi National of Kuwait has been awarded the contract – valued at around US $315 million.
Confirming the LOA to Malaysia’s stock market Bursa Malaysia, Tenaga Nasional Berhad said that the contract was for a seven year period and was expected to be signed imminently.
The co-generation plant is sited around 40km from Kuwait City, within the Shuaiba Industrial Authority Area, and is owned by Kuwait’s Ministry of Electricity & Water. It has a power capacity of 780MW, together with a 45 MIGD desalinated water capacity. It has been operating since 2010.