OPEC member Kuwait has decided to merge a suspended solar power project into another large solar energy project being built in the heart of the Gulf country's desert, a local newspaper reported on Tuesday.
The Kuwait Authority for Partnership Projects (KAPP) will oversee the merger of the 1.5-gigawatt Dabdaba into Shagaya solar power project after the first one was cancelled by the cabinet at the request of the Kuwait Petroleum Corporation (KPC), the Arabic language daily Alanba said, quoting KPC sources.
"KAPP will supervise the merger of Dabdaba into Shagaya (Phase 3) and it will soon invite consultancy bids to carry out a study for the merger and economic feasibility as well as the modification of the project documents," the paper said.
It provided no further details apart from saying that the "merger serves government plans to expand public-private partnership and achieve the target to increase renewable energy production to 15 percent of the total power generation by 2030.
Shagaya plant, built on 84 km² in the desert location of Al-Shagaya, is approximately 100 km west of the capital Kuwait City and comprises multiple renewable technologies as well as interconnection and site infrastructure.
(Writing by Nadim Kawach; Editing by Anoop Menon)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2021