Kuwait’s Alghanim International General Trading and Contracting Company has submitted the lowest bid of $1.69 billion for the Phase 4 expansion of the Sabiya Power Plant, in what could become one of the country’s largest recent power sector investments.
The Ministry of Electricity, Water and Renewable Energy said three proposals were received for the project, which will add 900 megawatts (MW) of capacity through new combined cycle gas turbine units at the Sabiya power and water distillation complex in Al Jahra. The contract includes supply, installation, operation and long-term maintenance.
Alghanim has a long record at the site, having delivered the 935 MW Phase 3 expansion in 2020 at a cost of $439 million, and an earlier Phase 2 upgrade that lifted output by 250 MW. The company’s familiarity with Sabiya and experience in large-scale EPC projects is expected to strengthen its position in the evaluation stage.
The Phase 4 bidding round comes as Kuwait accelerates investment in power infrastructure to meet surging demand, driven by economic growth, industrial expansion and rising summer consumption.
The Ministry has sought to diversify contracts at Sabiya, earlier this year awarding Malaysia’s Tenaga Nasional Berhad, through subsidiary TNB Repair and Maintenance (TNB REMACO), a maintenance deal for the facility.
