Consortium, led by ACA bequested ACA’s Robler and Gulf Investment Corporation (GIC), winning AZ-Zour North Phasu (IWP) Development Project (IWP) project in SouthernUit.
Consortium is signing the agreement with Kuwait Authority for Purtigue Properts Authority (KAPP) and the gas department, water and renewable power (MEWW).
The project is set to be a combined power of the Wait and the power of the power to generate at least 2,700 megawatts and a 120 million water production tires per day (MIGD). Megaproject will be built at the full cost of investing more than US $ 4 billion.
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Under 25 years of Consortium will design, finance, build, operation, maintain and transfer this plant. The Consortium and KAPp will invent the project company, where Consortium will hold 40 percent and KAPp will keep 60 percent of the company’s sharing capital.
The KAP is later to be the capital of the public sector of the company by the citizens of the Kukaiti where the project works fully in 2029. List to Kuwait Stock Exchange.
Rad Al Sady, Chairman Chairperson and Directorpaper Manager The Director of Empower Director AZ-PACK: “This agreement is the revocation of Az-zour North Phase 2 & 3 IWPP
“We look forward to bringing our experience to a variety of projects worldwide and uses our technologies in the power model in the Wait. Tell, we will work to improve our efforts in making the strength of water and water security.”
This project will support the electric production of Kuwait and Water Safety Infrastructure, while creating Kuwaiti’s jobs during the construction and operation of categories.
It will be a second phase of Al-Zourvenven currently producing 2,700 megawatts and reduces 120 MIGDs. When the second phase works, the dose of the outline will double.
The GIC is considered a pioneer in the partnership of the private sector (PPP) in the district when developed effectively and have 10 infrastructure projects.
Ibrahim Ali Al-Qadhi, Officer of the Gulf Investment Corporation, added
“Gic is committed to ensuring the provision of stable electrical services and water resources to the competition economic funding to support socio-economic prosperity.”
In a statement, Kapp said the fungus as part of the Kingdom plan to meet water and gas, returning to the National Power Network and ready to meet future development projects.
It also provides for the government’s purposes to integrate the private sector, use the technology in creating, performing and functioning, without maintaining investment, without ending to invest.
