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Kuwait Oil Company set to award $250 million wind energy project

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Kuwait Oil Company (KOC) is set to finalise the main construction contract for a pilot wind farm to generate electricity for the oil sector by Q3 2023, according to media reports.

A source quoted by Zawya said that the bid submission is currently ongoing, and the Engineering, Procurement, and Construction (EPC) contract is expected to be awarded in early September 2023.

KOC aims to explore the use case for wind energy to power oilfield operations in Ratqa oilfield through this initiative.

The EPC contract tender was issued on December 26, 2022, with the commercial bid submission deadline extended from January 30, 2023, to May 8, 2023.

Bidders include Elecnor from Spain, Vensys Energy from Germany, Vestas Mediterranean from Portugal, Power Construction Corporation from China, and ENO Energy.

The pilot project will feature wind turbines up to a height of over 50 meters with a generation capacity of 3.4-3.6 MW.

The power generated will be transmitted via one of the Ratqa oil field substations.

Completion of the project is anticipated in Q4 2026, with an estimated cost of $250 million.