Kuwait-Saudi consortium wins $400mln Oman solar power station bid

The consortium includes Saudi Arabia's ACWA Power and Kuwait's Gulf Investment Corporation and Alternative Energy Projects Company.

  
Image used for illustrative purpose. A solar array, a linked collection of solar panels, can be seen in front of a residential apartment block in the Sydney suburb of Chatswood in Australia, July 28, 2017.

Image used for illustrative purpose. A solar array, a linked collection of solar panels, can be seen in front of a residential apartment block in the Sydney suburb of Chatswood in Australia, July 28, 2017.

REUTERS/David Gray

DUBAI - A Kuwait-Saudi Arabia consortium has won a $400 million bid to build a solar power station for the Oman Power and Water Procurement Company (OPWP), according to a report by Kuwait's state news agency KUNA late on Sunday.

The consortium includes Saudi Arabia's ACWA Power and Kuwait's Gulf Investment Corporation and Alternative Energy Projects Company.

The project includes the construction, ownership, and operation of a 500 megawatt independent power project, which should supply power to 33,000 houses when it begins commercial operations in early 2021, OPWP said in the report.

(Reporting by Nafisa Eltahir; Editing by Rashmi Aich) ((Nafisa.Eltahir@thomsonreuters.com;))


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