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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.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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