Zour plant’s shares placed for pub­lic sub­scrip­tion in 6 months

Kuwait Times - - LOCAL -

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.

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