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Tuesday , December 6 2022

PPP Authority signs contract to provide consultancy services

This post has been read 9453 times!

KUWAIT CITY, Aug 24: The Public-Private Partnership Projects Authority signed a contract to provide consultancy services for the Al-Dabdaba project for electric power generation and the Shaqaya project for renewable energies – Phase III, with the consortium of Ernst & Young Consulting, after obtaining approvals from the regulatory authorities, in cooperation with the Ministry of Electricity, Water and Energy The renewable energy being the public authority concerned with the project, in cooperation also with the Kuwait Institute for Scientific Research, reports Al-Rai daily.

Informed sources in the authority said by appointing the consultant, the authority has set its foot on the right path to implement this vital project, which is expected to produce in its two phases about 3,000 to 3,500 megawatts, indicating that “the duration of the consultant’s work is expected to take three years and five months, until The financial closing date for the tender.

The sources explained that the rehabilitation of investors for the project will begin according to the project schedule after the completion of the approval of the feasibility study, noting the keenness of the Authority and the Ministry of Electricity to implement the project according to its schedule without delay due to the urgent need of the Ministry to raise its production capacity of electricity, especially in light of the failure to introduce large projects to produce electricity, except for a few sporadic small projects.

The authority stated, in a statement, that “the winning consultant alliance will undertake the preparation and completion of feasibility studies for the project and the work related to the offering stages, which include, but are not limited to, preparing qualification documents and procedures for qualifying investors, preparing project tender documents, supervising the technical, financial, legal and environmental aspects of the project, and coordinating with investors until the end of the financial closing in accordance with the provisions of Law 39 of 2010 regarding the establishment of Kuwaiti shareholding companies that undertake the construction and implementation of electric power and water desalination plants in Kuwait, its amendments and its executive regulations and Law No. 116 of 2014 regarding partnership between the public and private sectors and its executive regulations and other legislation related to business commission”.

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