Kuwait approves $17.5 million electrical maintenance deal
Kuwait’s tenders agency approved KNPC’s five-year, $17.5 million direct contract to maintain Schneider Electric equipment at Mina Al-Ahmadi refinery.
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what happened
Newsmetry API, citing Kuwait’s Arabic-language newspaper Al Rai, reported that the Central Agency for Public Tenders has approved Kuwait National Petroleum Company’s (KNPC) request for a direct contract worth 5.37 million Kuwaiti dinars, or $17.5 million. The agreement covers electrical equipment maintenance at the Mina Al-Ahmadi refinery.
The five-year deal includes lifecycle support and comprehensive maintenance for electrical equipment manufactured by Schneider Electric. CAPT granted approval after reconsidering KNPC’s proposed direct-contracting arrangement, according to the report.
why it matters
The decision establishes a five-year framework for maintaining electrical infrastructure at a Kuwaiti refinery. It also provides Schneider Electric with a defined scope of lifecycle and comprehensive maintenance services under the approved contract.
instruments
sources
- Kuwait approves $17.5mln refinery electrical equipment maintenance contract — Newsmetry API, 13 October 2026 at 05:43 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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