Five consultants bid for North Shuaiba plant privatization in Kuwait

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The government of Kuwait has received five proposals to provide transaction advisory services for the privatization of the North Shuaiba power and water plant. The dual-fuel combined-cycle plant is located in Kuwait city and has the capacity to produce 778 MW of electricity along with a desalination plant with the production capacity of 45 million imperial gallons a day (MIGD)/

The following five companies submit the proposals:

  1. Deloitte
  2. Engineering Systems Group
  3. EY (Ernst & Young)
  4. KPMG
  5. PwC (PricewaterhouseCoopers)

The privatization process will be carried out in three phases. In phase 1 plant owner shareholder company will be established whose stake will be tendered in phase 2. Finally, shares and employees will be distributed in phase 3.

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