Latest News
- Kuwait-Jordan Durra Field Joint Statement Rejected By Iran
- GTD Cracks Down On Vehicle Noise Pollution In Sulaibiya
- Mystery Of Dead Fish At Shuwaikh Beach Sparks Urgent Action
- MEW To Complete Links With The Interior And Justice Ministries B...
- 8 Expats Jailed For Bribing An Officer To Obtain Driver's Licens...
- Weekend Weather Is Expected To Be Hot
- From Tomorrow, Traffic Diversion On Third Ring Road
- Ministry Of Health Refute Rumors On Non-availability Of Antibiot...
- Amir Of Kuwait And Jordan King Renew Commitment To Regional Secu...
- 37 Arrested With Narcotics And Firearms
- Outrage Over Candidate's Arrest
- Six Stores Shut Down In Jahra For Selling Fake Goods
Electricity And Water Projects Worth Kwd368m Have Been Planned In Kuwait
Kuwait said to spend $1.2bn on 2015-16 utility deals This amount has been allocated under the country's 2015/16 plan Of the total figure, $728.5m (KWD218m) has already been spent on projects so far, according to Kuwait Times.
This data was revealed by Kuwaiti minister of parliament, Ahmad Lari, who said he discussed these numbers with the country's acting electricity and water minister, Sheikh Mohammad Al-Abdullah Al-Sabah.
No details were provided about which projects were financed through these funds. In August 2015, it was announced that Kuwait has approved the construction of a series of power plants, desalination facilities and other infrastructure projects worth up to $9.9bn (KWD3bn).
While no timeline has been set for most projects, which are expected to add 3,580MW to the country's electricity capacity, a planned sewage plant will commence by the year 2020.
No information has been shared regarding project funding, except that 50% of the funds will be raised through stock market offerings, newswire Reuters reported. Kuwait has also planned a second phase of the gas-fired Az-Zour North power and desalinated water plant that has an initial capacity of 1,800MW.
SOURCE : ARABIANBUSINESS
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Thief Returns Stolen Money With An Apology Letter...
15 April 2024
-
3 Expats Caught In Salmiya With 213 Bottles Of Loc...
23 April 2024
-
Ministry Of Interior Denies Social Media Rumors Re...
13 April 2024
Comments Post Comment