TNB wins $315m Shuaiba O&M deal

TNB wins $315m Shuaiba O&M deal
TNB has said the O&M deal is for seven years and is valued at around $315 million. (GETTY IMAGES)
Published: 22 January 2013 - 6:31 a.m.
By: Adam Lane

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.


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