Font Size

- Aa +

Fri 18 Nov 2016 03:15 PM

Font Size

- Aa +

Kuwait to offer 120 fuel stations for bidders in seven years

Move is part of Kuwait’s vision to secure 15 percent of its energy consumption from renewable energy sources

Kuwait to offer 120 fuel stations for bidders in seven years
Image for illustrative purpose only. (Getty Images)

The Kuwait National Petroleum Company (KNPC) will offer 120 new fuel stations for bidders in the next seven years, according to Mina Abdullah Refinery deputy CEO Ahmad Saleh Al-Jemaz.

Around 19 stations have already been offered while 15 others will soon follow, Al-Jemaz told state news agency KUNA during the launch of the smart control system for the new Riqqa filling station operated by solar power.

Al-Jamez said the smart control system, which was applied in collaboration with South Korean firms, is the first of its kind of Kuwait.

The Kuwait Petroleum Corporation (KPC) has reportedly set $ (KD 1.5m) for solar power projects in its affiliated companies such as KNPC.

The projects are part of Kuwait’s target to secure 15 percent of its energy consumption from renewable energy sources by 2030.

For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.