Two final bids received for two IWPP plants PPP in Kuwait

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Kuwait Authority for Partnership Projects (KAPP) has received two technical bids to provide transaction advisory services for two IWPP plants located at Az-Zour and AlKhairan. The project involves design, finance, construction, operation, maintenance, and transfer of integrated water and power plant (IWPP) for phase 2 & 3 at Az-Zour North and for phase 1 at AlKhairan site.

Earlier in August the authority shortlisted three bidders and invited them to provide technical and financial bids. The two bids received are as follows :

  • Ernst & Young consortium (Ernst & Young, Atkins, and Addleshaw Goddard) submitted a price bid of KWD 1.2 million (US$ 3.90 million)
  • KPMG  consortium (KPMG Advisory, DLA Piper, and ILF Consulting) submitted a price bid of KWD 1.6 million (US$ 5.21 million)

The responsibility of preparing and completing the feasibility studies for each project and the whole tendering process will be given to the assigned advisor or consortium.

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