Kuwait hires HSBC to structure a $3.3 billion solar power plant as a PPP
Kuwait has hired HSBC to structure a 280-MW concentrated solar power (CSP) plant in Al-Abdaliya as a Public Private PArtnership. The project will be located near the capital city.
Construction of the solar thermal power plant will require total investment of about KWD 926.75 million (US$3.3 billion).
The Finance Ministry's technical team is expected to float the venture for tendering, under to the rules of Kuwait's Public Private Partnership (PPP) programme, in collaboration with the Ministry of Electricity and Water.
This project would be the first of its kind in Kuwait. Kuwait aims to derive 10% of its total electricity mix from renewables by 2020.
The Abdaliya Integrated Solar Combined Cycle Project was submitted to Kuwait's Partnerships Technical Bureau (PTB) Higher Committee, as part of an unsolicited proposal.
The total capacity of the power plant will be 280 MW, with a solar contribution of 60 MW.Country news
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October 04, 2013
Kuwait launches request for EOIs for waste to energy PPP project
The State of Kuwait through the Partnerships Technical Bureau (PTB), in collaboration with the Kuwait Municipality, is planning the development of a municipal solid waste project through a public private partnership (PPP) venture. Read more -
December 16, 2013
GDF and Sumitomo sign $1.8b Az Zour IWPP plant
A consortium composed of International Power of GDF Suez (17.5%), Japan's Sumitomo Corporation (17.5%) and Kuwaiti company Abdullah Hamad Al Sagar and Brothers (5%) has achieved commercial close for the $870 million Az Zour North Independent Water & Power Project (IWPP) in Kuwait. Read more -
January 28, 2014
Kuwait Investment Authority to increase infrastructure investments
Kuwait's sovereign wealth fund, Kuwait Investment Authority (KIA), will focus on increasing its infrastructure investments in British, U.S. and European markets. The investment firm will also look at the international real estate sector. Read more -
March 18, 2014
RFQ launched for waste PPP project in Kuwait
The Partnerships Technical Bureau in collaboration with Kuwait Municipality have launched a Request for Qualifications (RFQ) for the Kabd Municipal Solid Waste Project. Read more -
March 26, 2014
Kuwait seeks EOIs for schools PPP project
Kuwait's Partnerships Technical Bureau (PTB) in collaboration with the Ministry of Education have launched a tender process through the publication of a Request for Expressions of Interest for the Kuwait Schools Development Program. Read more
