Kuwait approves plans for $10bn infrastructure projects

Finance Ministry says construction of series of power plants, desalination facilities and other infrastructure projects backed
Kuwait approves plans for $10bn infrastructure projects
Kuwait city, Kuwait skyline, Kuwait government, Kuwait buildings, Kuwait economy
By Reuters
Sat 15 Aug 2015 05:44 PM

Kuwait has approved the construction of a series of power plants, desalination facilities and other infrastructure projects worth a total of around 3 billion Kuwaiti dinars ($9.9 billion), the finance ministry said on Saturday.

Like neighbouring Gulf countries, Kuwait 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. It also did not say how they will be funded beyond saying 50 percent of the finance will be raised through stock market offerings.

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. It will also build the first phase of the Khairan power plant with 1500 MW of capacity, which will use different types of fuel, and the Al Abdaliyah power plant with a capacity of 280 MW, of which 60 MW will be from solar energy while the rest will be fed by gas.

Kuwait plans to generate 15 percent of its energy needs via renewable sources by 2030, with the first of up to 100 solar-powered fuelling stations operating by 2017, oil minister Ali Saleh al-Omair said in June.

A pilot 70 megawatt project in the Shagaya desert zone west of Kuwait City was expected to be completed by next year.

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