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Tenaga Nasional Bhd' Subsidiary Signs 7 Year Contract With Kuwait’s Ministry Of Electricity & Water

Thursday, 11 Jul 2013 08:00pm EDT 

Tenaga Nasional Berhad announced that its wholly-owned subsidiary, TNB Repair and Maintenance Sdn. Bhd and Kharafi National of Kuwait has recently signed a 7 year contract with Kuwait’s Ministry of Electricity & Water for the Operation & Maintenance of Shuaiba North Co-Generation (Power & Distillation) Plant in Kuwait. The total contract value is KD88.882 million (approximately MYR1.0 billion) and the contract has started since June 19, 2013. The contract will be executed by an unincorporated Joint Venture between TNB REMACO and KN whereby all financing is shared on 50/50 basis. TNB REMACO is responsible to lead the operation and maintenance of the Power Plant and KN is responsible to lead the operation and maintenance of the Distillation Plant. 

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