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FINANCIAL NEWS
Kuwait starts operate its first solar power plant
27 Oct 2016
(MENAFN) Kuwait started operating its first solar power plant at the Umm Gudair oil field, a landmark for the OPEC member country to spread its sources of energy.
Furthermore, the USD99mn project, Sidrah 500, will generate 10 MW of elect, half of which will be supplied to the public elect network.
The other half will be used to supply the oil field itself, which is owned by Kuwait Oil Co.
Accordingly, the country hopes that by 2020 it can make 20 percent of the elect, which will be needed to run KOC from alternative energy.
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