Kuwait to award landmark power deal to International Power
Kuwait is expected to award the country’s first public-private partnership contract in the power sector to UK-based International Power, The National has reported.
The Az Zour North power plant will ease Kuwait’s chronic shortage of electricity, and help to avoid the power outages that have plagued the country.
“We are preferred bidders,” said Shankar Krishnamoorthy, the chief executive of International Power in the Middle East and Africa. “I would imagine us closing the deal in the months ahead.”