Az-Zour North 2 & 3 IWPP
Az-Zour North 2 & 3 IWPP - a Independent Water & Power Project in Kuwait. Capacity 2.7 GW. Winning consortium: ACWA Power + GIC-led. Status: ECWPA signed Aug 2025.
- Country
- Kuwait
- Procurer
- KAPP / MEWRE
- City / region
- Az-Zour
- Capacity
- 2.7 GW
- Status
- ECWPA signed Aug 2025
- Power tariff
- Not publicly disclosed
Winning consortium
ACWA Power + GIC-led - equity: ACWA-led 40% / MEWRE 60% (TBC)
Procurement timeline
- RFP: Mar 2024
- Bid submission: 2024
- Preferred bidder: Mid-2025
- Commercial close: Aug 2025 (USD 4.1 bn ECWPA)
- Financial close: 2026 expected
- PCOD: Staged 2027-29
Prequalified bidders
7 PQ
- ACWA+GIC
- ENGIE
- JERA
- EDF
- Marubeni
- Sumitomo
- Mitsui
Financing
- Capex: USD 4.1 bn
Technical scope
Process: CCGT + SWRO
Kuwait's largest P+W plant once operational
Notes
USD 4.1 bn ECWPA - among largest IWPPs ever in GCC.
EPC contractor: TBD
Sources
Open the full IWPP / IPP benchmark →Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.