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09 October, 2018

Kuwait pre-qualifies 28 firms for Dabdaba solar project

Bids for $1.7bln project will close in December

Image used for illustrative purpose

Image used for illustrative purpose

REUTERS

09 October 2018
State-owned Kuwait National Petroleum Company (KNPC) has invited 28 global companies and consortia pre-qualified for the Dabdaba solar power project for a preliminary meeting on Wednesday, a local newspaper reported.

"KNPC has also set another meeting with the pre-qualified firms in November before bidding is closed in December," the Arabic language newspaper Al-Rai said, citing company sources.

The company has set a budget of 530 million Kuwaiti dinars ($1.7 billion) for the 1.5-gigawatt-capacity project, located nearly 160 kilometres west of the capital Kuwait City, the newspaper added.

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Kuwait, OPEC's fifth largest oil producer, has been locked in plans to tap renewable energy sources to expand their share of the energy mix to 15 percent by 2030.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitive.com)

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