CNIM (EPA:COM) CNIM, GIC and Al Mulla consortium selected Preferred Investor for the Waste to Energy Project in Kuwait

Transparency directive : regulatory news

13/09/2017 18:16

Press Release: 13 September 2017

CNIM, GIC and Al Mulla consortium selected Preferred Investor for the Waste to
Energy Project in Kuwait

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% of Kuwait's municipal solid waste, and will
generate approximately 100 MW of electric power.
Kuwait Authority for Partnerships Projects (KAPP) 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 (PPP) 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.

About CNIM

The CNIM Group designs, develops and manufactures turnkey industrial solutions
with high technological content and provides expertise, services and operating
capability in the areas of the Environment, Energy, Defense and High
Technology. CNIM manages projects and sells equipment throughout the world.
CNIM is backed by a stable family shareholder base that underpins its future
development. CNIM is listed on the Euronext Paris stock exchange.

Contacts:
E-mail: frederique.vigezzi@gootenberg.fr
Tel enquiries: +33 (0)1 43 59 29 84
For more information, please visit
https://cnim.com/en and https://twitter.com/CNIM_Group

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21/12/2017 18:53

CNIM (EPA:COM) CNIM, GIC and Al Mulla consortium selected Preferred Investor for the Waste to Energy Project in Kuwait

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