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16/03/2026 06:42 AST
Kuwait's Ministry of Electricity, Water and Renewable Energy has announced that it has received bids from only two entities - Heavy Engineering Industries and Shipbuilding Company (Heisco) and Shanghai Electric Group - for the Al Subiya Power Generation and Water Distillation Station upgradation project work.
The scope of work includes upgradation of eight steam boilers at the key Kuwaiti facility in bid to boost its operational efficiency and reliability at one of the country's key power generation and desalination facilities.
As per the tender results, Heisco submitted a bid valued at KD200 million ($651 million), while Shanghai Electric Group Company emerged the lowest bidder with KD125.2 million ($408 million).
The Al Subiya facility is among Kuwait's major power and water production plants, supporting Kuwait's growing electricity and potable water demand.
The planned upgrades align with the government's ongoing efforts to modernize existing infrastructure and ensure sustainable energy and water supply across the country.
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| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 7.11 | -0.01 (-0.15 |
| MODON | 2.86 | -0.01 (-0.35 |
| ADNOCLS | 5.21 | -0.06 (-1.14 |
| SALIK | 5.05 | 0.00 (0.00 |
| ADPORTS | 3.94 | 0.01 (0.25 |
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