SOURCE: Industrial Info Resources

June 10, 2008 05:30 ET

Kuwait Aiming for 16,000 Megawatts in $2.5 Billion Expansion Plan, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 10, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Six companies have been pre-qualified to bid for a new 2,000-megawatt power project north of Kuwait. General Electric (NYSE:GE) (Fairfield, Connecticut), Mitsui and Marubeni Corporation (Japan), Iberdrola (Spain) and SNC-Lavalin (TSX:SNC) (Canada) will tender bids for the $925 million-plus project. Kuwait plans to issue further tenders totaling $2.5 billion to meet rapid growth in power demand forecast through 2015.

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