Kuwait seeks investors to finance three power projects under a public-private partnership programme.
11 September 2021, 12:00 AM
30 September 2021, 12:00 AM
Kuwait plans to attract outside investors to fund several power projects under a public-private partnership programme. They plan to cover more than half of its future electricity needs over the next two decades, a government official said.
About 7,500 megawatts (MW) of the 14,000 MW it needs over the next 20 years will come through these partnerships, which industry sources say will require investments of billions of dollars.
Fadheela A. al-Hassan, who was appointed head of the Kuwait Authority for Partnership Projects in April said "Energy projects are priority projects, and the state is moving forward towards their implementation."
"There is a desire to rush such projects," Fadheela told Reuters.