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:
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.