Kuwait has approved the construction of a series of power plants, desalination facilities and other infrastructure projects worth a total of around $9.9 billion, local media has said.The country is planning to add around 3,580 megawatts of capacity and waste treatment and developments for the education ministry, reported the Kuwait Times.
The ministry did not set a timescale for most of the initiatives and said that 50 per cent of the finances will be raised through stock market offerings.
Kuwait is struggling to meet soaring demand for electricity and the planned projects will add around 3,580 megawatts of capacity.Other projects expected in the pipeline include the second phase of the gas-fired Az-Zour North power and desalinated water plant that will have an initial capacity of 1,800 megawatts.
It will also build the first phase of the Khairan power plant with 1500 MW of capacity, which will use different types of fuel, and the Al Abdaliyah power plant with a capacity of 280 MW, of which 60 MW will be from solar energy while the rest will be fed by gas.
Oil Minister Ali Saleh Al-Omair said in June that Kuwait plans to generate 15 per cent of its energy needs via renewable sources by 2030, with the first of up to 100 solar-powered fuelling stations operating by 2017.
A pilot 70 megawatt project in the Shagaya desert zone west of Kuwait City was expected to be completed by next year, according to the Kuwait Times.
Al-Omair also said that preparatory works of partnership projects between Public and private sectors have supported initiatives to help set up a body to run these projects.He said: “The body has formed its structure in accordance with the international standards to help Kuwait implement projects in a competitive and professional manner.”
The Deputy Prime Minister and Minister of Finance said also that the body’s higher committee has approved six projects and their tenders were offered at the beginning of this month.He affirmed that these projects will be co-implemented by both Public and private sectors as the State of Kuwait seeks to boost the participation of the private sector in sustainable development.
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