Companies Preparing Tender Documents For Power Towers

According to MEED magazine, businesses are planning to submit proposals by May 16 for a contract to design and build a 400 kV power transmission tower connecting Kuwait's Wafra and Saudi Arabia's Fadhili region. The project is managed by the Gulf Cooperation Council's Power Interconnection Authority, which controls electricity exchange between the six nations.

 

According to MEED Projects, which tracks regional project activity, KEC International, Calpataro Energy Transmission, and Larsen & Toubro, three Indian companies, qualified for the project, along with Kuwaiti National Contracting Company, Austrian Cegelec, and the Arab Company for Construction, Kuwaiti electricity transmission lines, according to a local Arabic daily.

 

The Kuwait News Agency (KUNA) reported on March 24 that the Kuwait Fund for Arab Economic Development had signed a financing agreement with the Gulf Cooperation Council worth 35 million dinars (equivalent to 115 million dollars), and that electricity exchange on the GCC grid is growing by about 15-20 percent annually. According to a local media source, proportional savings by member states amounted to $192 million in 2021, up from $182 million in 2020.

 

Since the network's inception in 2009, the six GCC countries have saved a total of $3 billion, according to MEED. The savings are due to lower operating and maintenance costs, as well as costs associated with energy management, carbon emissions, and fibre optic network building. Although data in the public domain shows that interconnection runs between 500 MW and 600 MW, and MEED has learned that the interconnection mostly satisfies contingency and reserve sharing through bilateral contracts, the true extent of power trading in the GCC has not been published.

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