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Mon 29 Nov 2010 10:30 PM

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Kuwait to spend $21.25bn on power, water

Kuwait's domestic electricity demand would reach around 21,000 megawatts in 2020

Kuwait to spend $21.25bn on power, water
POWER PLANT: Ministry is planning to add 400 mw to the existing 800 mw in Al Zour (Getty Images)

Kuwait's electricity ministry will spend $21.25 billion in the next four years on electricity and water projects, Mohamed Boshehri, director of planning and power station projects at the ministry, told reporters on Monday.

Boshehri also said that the ministry was expanding a power plant in Al Zour and was planning to add 400 megawatts to the existing 800 megawatts.

"November 9 was the closing date (for receiving bids). We got four bids. The lowest was $1.2 billion," he said, declining to name the companies.

The ministry was still studying the bids, Boshehri said, without giving an exact date for when they would choose the winner.

Boshehri said Kuwait's domestic electricity demand would reach around 21,000 megawatts in 2020 and he expected it would be met by domestic power production.(Reuters)

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