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FINANCIAL NEWS
Kuwait approves power plants, desalination facilities projects
23 Aug 2015
(MENAFN) Kuwait has approved the construction of a series of power plants, desalination facilities and other infrastructure projects worth a total of USD9.9 billion, the finance ministry said.
The Gulf state is struggling to meet soaring demand for electricity and the planned projects will add around 3,580 megawatts of capacity, as well as waste treatment and developments for the education ministry.
The ministry did not set a timescale for most of the initiatives, except for a sewage plant which will start by 2020. The ministry also did not say how they will be funded.
Among the projects, Kuwait plans a second phase of the gas-fired Az-Zour North power and desalinated water plant that has an initial capacity of 1,800 megawatts.
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