CNIM-GIC-AMG: Consortium selected preferred investor for WtE Project in Kuwait

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Source: Constructions Industrielles de la Méditerranée (CNIM)

Paris, France — A consortium composed of Constructions Industrielles de la Méditerranée (CNIM), Gulf Investment Corporation(GIC), and Al Mulla Group Holding Co (AMG) has been selected as preferred investor for the Kabd Municipal Solid Waste Project in Kuwait. The project aims to address Kuwait’s growing need for environment and land resources protection, and to generate alternative power sources.

The plant will treat a nominal municipal solid waste capacity of 3,274 tons/day, which represents approximately 50 percent of Kuwait’s municipal solid waste, and will generate approximately 100 MW of electric power.

Kuwait Authority for Partnerships Projects selected the CNIM-GIC-AMG consortium following a competitive tendering process. The tender received three bids from international consortia, a reflection of the interest and confidence that international companies have in Kuwait and its ambitious public private partnership program. The CNIM-GIC-AMG consortium was selected as Preferred Investor further to a thorough technical, legal and commercial evaluation process.

The plant will utilize the latest technologies to treat municipal solid waste. It will be developed on a BOT (Build, Operate, Transfer) basis for a period of 25 years following completion of construction. If the consortium is appointed as successful investor, it will take up shares in the project company which will be responsible for the design, construction and operation of the plant. The successful investor will be appointed by the Higher Committee after, among other things, audit by the State Audit Bureau.

Source: Constructions Industrielles de la Méditerranée (CNIM)