KOC: Cost of 'Se­dra 500' project stands at $27 m

Kuwait Times - - LOCAL -

The to­tal cost of Kuwait Oil Com­pany's (KOC) 'Se­dra 500' so­lar plant re­new­able en­ergy project is $27 mil­lion, a prom­i­nent KOC en­gi­neer said yes­ter­day. In a state­ment to the press on the side­lines of a panel dis­cus­sion over the project, or­ga­nized by the pub­lic re­la­tions depart­ment of the Min­istry of Oil, en­gi­neer Am­mad Sa­far said that the project which was launched in 2013, had only be­gun in earnest last month with a to­tal en­ergy of 10 megawatts per day.

More­over, he noted that the 'Se­dra 500' so­lar plant project is part of ef­forts to ful­fill His High­ness the Amir's plan of full use of re­new­able en­ergy sources by the year 2030, ad­ding en­ergy gen­er­ated by the 'Se­dra 500' so­lar plant is used to sup­ply around 27 oil wells.

Through this project, Sa­far un­der­scored that KOC aims to il­lus­trate its com­mit­ment to environmental con­ser­va­tion and ef­forts to re­duce lethal car­bon emis­sions for the good of hu­man­ity. Mean­while, KOC en­ergy con­sul­tant Dr Raed Sharif spoke of the com­pany's propen­sity to un­der­take sim­i­lar en­deav­ors, most no­tably, plans to build a power sta­tion fu­eled by so­lar en­ergy.

On Kuwait's readi­ness to em­brace full re­new­able en­ergy use, he noted that the coun­try pos­sesses a so­lar en­ergy ca­pac­ity of more than 2,000 kilo­watts per year, which is con­ducive to full-fledged use of so­lar en­ergy. He also un­der­scored the fea­si­bil­ity of re­new­able en­ergy projects in Kuwait, ad­ding that the cost of such projects has di­min­ished in re­cent times. — KUNA

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