Kuwait’s Supreme Council for Privatisation (SCP) has set a new deadline of 17 November for firms to submit bids for advisory roles on the planned privatisation of the North Shuaiba power and water plant, the first existing utilities asset to be sold off to the private sector in Kuwait.
The client had retendered the advisory roles on the proposed privatisation of the North Shuaiba plant. Firms have now been set a 17 November deadline to submit proposals.
The SCP has been mandated by the Kuwaiti government to privatise public projects and assets which are suitable for privatisation. The Technical Bureau for Privatisation (TBP), established in 2015, is the technical arm of SCP, and the appointed adviser will be working under the ‘Joint Committee for the Privatisation of NSPP.’
The North Shuaiba Power Plant is currently being operated by a private company under an operation and maintenance (O&M) agreement, which is due to expire in mid-2020.
The North Shuaiba Power Plant is a dual-fuel combined-cycle plant with a power capacity of 778MW, and also contains a multi-stage flash (MSF) desalination plant with a capacity of 45 million imperial gallons a day (MIGD).
The plant primarily operates on gas, with liquid oil as back-up when gas is not available.
