The Public-Private Partnership Projects Authority (PPP Authority) has opened the technical bids for the Shagaya Renewable Energy Project – Phase Three (Technical Project), which has a planned capacity of 500 megawatts.
According to informed sources, two alliances submitted technical bids for the project. A joint evaluation team comprising representatives from the Ministry of Electricity, Water and Renewable Energy and the PPP Authority will now review the submissions to assess compliance with the tender requirements.
The technical evaluation will be followed by the opening of financial bids and the selection of the preferred investor to implement the project.
In a related development, sources said the Supreme Committee for Partnership Projects is expected to approve soon the technical and financial reports for the Shagaya Renewable Energy Projects tender (Phase Three – Project One), which has a capacity of 1,100 megawatts.
The documents will then be referred to the Audit Bureau for final approval, paving the way for the selection of the preferred investor.
The sources noted that two alliances are competing for the 1,100MW project, adding that once the technical and financial reports are approved, the PPP Authority will identify the winning investor responsible for implementing the strategic renewable energy development.
The Shagaya projects are part of Kuwait’s efforts to expand renewable energy capacity and support its long-term energy diversification goals.
