Kuwait's central tenders committee has chosen General Electric to build a 2,000 megawatt power plant, a newspaper said on Wednesday.
General Electric is the preferred choice of Kuwait's Ministry of Electricity and Water to build the Subbiya plant, daily al-Watan said in an unsourced report.
General Electric has already been chosen, but it needs the final approval of the Audit Bureau,” Meshan al-Otaibi,a spokesman for the emirate’s Ministry of Electricity and Water told Bloomberg.
GE was selected “because it had the lowest bid” of KWD760 million (US$2.65 billion), beating Siemens AG for the proposed plant in Subbiya, he said.
In April, Kuwait issued a new tender to build turbines for the plant in the north of the country, which is due to come on stream in 2011, saying it expected
the cost to be far less than earlier estimates in excess of KWD700 million.
Apart from General Electric, Kuwait had pre-qualified Germany's Siemens, Japan's Mitsui & Co and Marubeni Corporation, Spain's Iberdrola Ingenieria Y Construccion, and Canada's SNC-Lavalin Limited,
