Azzour North One Power and Water Plant awarded at MEED Quality Awards
Mega Project of the Year and Power Project of the Year
Shamal Az-Zour Al-Oula KSC, the owner and operator of Azzour North One Power and Water plant, has won two major industry awards for its success as one of the Gulf region’s leading projects during the seventh edition of the MEED Quality Awards for Projects.
Walking away with the 2017 award for Mega Project of the Year and Power Project of the Year, Shamal Az-Zour Al-Oula KSC picked up two of the three awards awarded to Kuwait during the ceremony held at Westin Mina Seyahi, Dubai. The winners were chosen by a jury of 12 industry leaders from among more than 120 entries and announced on May 3.
Shamal Az-Zour CEO Andy Biffen said: “Following the successful launch of Kuwait’s first independently owned power and water facility, we are honored to be recognized in the region as one of the Gulf’s leading projects through not only one, but two awards that reflect the dedication, effort, skills, strength and expertise of the team at Shamal Az-Zour. We thank you for your recognition and support, and look forward to continuing our success for years to come.”
Laying the foundation for long-term sustainable development in support of the Gulf’s ambitions for the future, the annual MEED Quality Awards for Projects recognizes and celebrates the best achievements of the region’s project’s.
Shamal Az-Zour Al-Oula is 40 percent owned by a private consortium comprising ENGIE (formerly GDF SUEZ), Sumitomo Corporation, and AH AlSagar and Brothers. The remaining 60 percent, owned by the Government of Kuwait, through the Kuwait Investment Authority (KIA: five percent), the Public Institution for Social Security (PIFSS: five percent) and Kuwait Authority for Partnership Projects (KAPP: 50 percent). The Government of Kuwait is mandated to sell 50 percent of the total ownership through an Initial Public Offering (IPO) to Kuwaiti citizens after construction is completed. The government will retain 10 percent stake following the IPO.