Kuwait

Kuwait retenders transaction advisory role for country’s first power plant privatisation – Kuwait

Kuwait has retendered the transaction advisory (TA) role in the country’s first utilities asset up for privatisation – the North Shuaiba power and water plant – fixing a submission date of September 26 for bid submission by financial advisory firms.

The project, being overseen by Kuwait’s Supreme Council for Privatisation (SCP), first saw tender documents for advisory roles issued in June last year and received bids for the financial advisory contract in December.

The North Shuaiba plant has an estimated value of about $1.2bn and the scope for its privatisation remains unchanged for the latest tender, sources with knowledge of the project were quoted as saying in media reports.

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Kuwait to assign consultative house to launch renewable energy enterprises – Kuwait

Kuwait Authority for Partnership Projects is seeking to assign a consultative entity for studying and promoting enterprises for producing electricity from renewable resources.

The authority director, Fadhila Al-Hassan, said on Sunday that the authority is cooperating the Ministry of Electricity and Kuwait Institute for Scientific Research to assign the consultative house for that purpose.

Al-Hassan said in an interview with KUNA that the most prominent future renewable energy enterprises are Al-Dabdaba power station and the third phase of Al-Shagaya renewable energy project, prospected to put out some 3,000 megawatts.

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Kuwait likely to issue power and water desalination plant tender in Q4 – Kuwait

Kuwait Ministry of Electricity and Water (MEW) is expected to tender the design consultancy package for the first phase of the planned Nuwaiseeb power and water desalination plant in Ahmadi in the fourth quarter 2020, a source aware of the project details said.

“The design consultancy tender is expected to be released by October 2020 with the design completion is expected to be by first quarter 2021,” the source told Zawya Projects, adding that the project completion is scheduled for December 2024.

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Kuwait utility Shamal Az-Zour makes market debut – Kuwait

DUBAI- Kuwait’s Shamal Az-Zour Al-Oula Power and Water Company made its stock market debut on Sunday.

At 0845 GMT, the shares were trading at 0.388 dinar ($1.27) per share, below their opening price of 0.4 dinar, and after briefly rising to as high as 0.5 dinar, according to Refinitiv data.

The company, Kuwait’s first listed public private partnership (PPP), supplies about 10% of Kuwait’s installed power capacity and 20% of water desalination capacity in the country.

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Kuwait PPP developer recommends cash dividends of 25 fils – Kuwait

Shamal Az-Zour Al-Oula Power and Water Company, the first power generation and water desalination company and the first Public-Private Partnership (PPP) project to be listed in Kuwait, said its board of directors has recommended a cash dividend payout of 25 fils per share.

This will be the company’s first dividend and relates to the retained earnings for the period from 2017 to 2019 and is subject to lenders’ approval, said the statement from the Kuwait group. 

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Shamal Az-Zour to list on Boursa Kuwait – Kuwait

Shamal Az-Zour Al-Oula Power and Water Company announced today that it received approval to list on Boursa Kuwait’s Premier Market on August 16. 

It is the first power generation and water desalination company and the first private public partnership (PPP) project to be listed in Kuwait. NBK Capital is the listing advisor.

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Shamal Az-Zour Al-Oula gets nod for Boursa Kuwait trading – Kuwait

Shamal Az-Zour Al-Oula Power and Water Company said it received regulatory approval for its listing debut on Boursa Kuwait’s premier market on August 16.

The company is the first power generation and water desalination firm and the first private-public partnership project to be listed in Kuwait, it said in a statement on Saturday.

NBK Capital served as the company’s listing adviser.

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Kuwait scientists receive desalination patent in the US – Kuwait

The Kuwait Institute for Scientific Research (KISR) has received a patent for the construction of a desalination plant in the US, according to the state-run Kuwait News Agency.

In a statement, KISR said that affiliated scientists were able to reduce the hydraulic pressure needed for the desalination of seawater.

Using a trial and error process, scientists designed a desalination unit with a 30,000 litres-per-day capacity, producing 35 percent of fresh water output with 15 percent of atmospheric pressure.

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Work on $60m desalination plant continues in Al Jahra – Kuwait

Construction of a $60million desalination plant is progressing on schedule, with Golden Rays Electromechanical Works acting as infrastructure contractor.

The plant is owned by the Kuwait Ministry of Electricity & Water, and is located at Al Jahra.

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Gulf Consortium Signs Solar PV Power Project Agreements in Oman – Oman

A consortium composed of Saudi Arabia-based utility developer ACWA Power, Kuwait’s Gulf Investment Corporation (GIC) and Alternative Energy Projects Company (AEPCo) signed a contract and agreements with the Oman Power and Water Procurement Company (OPWP) to develop a 500-megawatt solar PV power plant in Ibri, Oman.

It will be developed on a BOO (build, own, operate) basis, which includes the development, finance, construction and operation of the solar power plant.

The project, dubbed Ibri-2 Independent Power Producer (IPP), will be the first utility-scale solar power project in Oman and will utilize Solar PV technology to yield 500MWac of power.

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