Kuwait seeks foreign investment in power sector

Kuwait plans to attract foreign investors to fund several power projects under a publicprivate partnership program that will cover more than half of its future electricity needs over the next two decades, a government official said.

About 7,500 MW of the 14,000 MW it needs over the next 20 years will come through these partnerships, which industry sources say will require investments of billions of dollars.

“Energy projects are priority projects, and the state is moving forward towards their implementation,” Fadheela A. Al-Hassan, who was appointed head of the Kuwait Authority for Partnership Projects in April, told Reuters. “There is a desire to rush such projects.”