Zour plant’s shares placed for public subscription in 6 months
KUWAIT: Al-Zour power plant will be placed for public subscription in six months, said Adel Al-Roumi, head of the Partnership Technical Bureau (PTB), which is overseeing private-public sectors partnership (PPP) programs. Once Al-Zour plant reaches its maximum operation capacity in six months, shares would be placed for Kuwaitis to buy, he said.
Roumi was speaking to KUNA on sidelines of a conference, themed “Kuwait projects and development motivation,” organized by Meed for economic studies. He said PPP programs would be placed for public subscription for Kuwaiti citizens, including the second Al-Zour plant, Al-Khairan and Um Al-Haiman projects. He said the value of PPP programs in Kuwait was around KD 10 billion.
Roumi said the private sector was contributing to the rapid accomplishment of the PPP projects, citing Al-Zour power station which took 18 months to operate. He said there were five giant projects awaiting completion. Two are waste recycling, two major power stations and solar energy station.