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FINANCIAL NEWS
Kuwait eyes investment in renewable energy
17 Oct 2010
(MENAFN) Secretary General of the Renewable Energy Development Organization (REDO) Ghadeer Al-Saqabi said that Kuwait is in the process of working out an all-out plan centred on the development of renewable energy, Kuna reported.
Al-Saqabi said in an interview that she was glad for the Kuwaiti participation, at the level of both public and private sectors, in the meeting, affirming that the Kuwaiti presence was in line with the state’s ambitious four-year development plan.
The official noted that one of the most integral power resources that could be used in such plan was the solar energy, revealing that in the region and Kuwait in particular such energy was very much available.
She revealed that experiments were held in Kuwait to harness such energy conducted in the northern part of the country, adding that the government was planning for constructing schools that would utilize solar energy for providing power.
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