The government of Kuwait has announced plans to sell 26% to 44% stakes at the Al-Khiran (Al-Khairan) and Al-Zour power projects in 2020-2021. The government will also lead the first phase of an initial public offering (IPO) of shares for the 1,540 MW Az-Zour North independent water and power project (IWPP) (Az-Zour North CCGT).
The 1,500 MW Al-Khiran IWPP is an oil-fired facility located at Al Khiran, Kuwait. The facility is part of a larger planned power generation and water production complex that will have 4,500 MW of capacity in 2030 at the latest.
The Az-Zour North gas-fired facility was commissioned in 2016. The facility has the capacity to generate 10% of Kuwait’s power consumption as peak capacity and can produce 20% of the country's water with 405,000 m3/day. The project is part of an overall IWPP project in the Az-Zour area, to be developed over five phases, for a total capacity of 4,800 MW of electricity and approximately 1.1 mcm/d of desalinated water. While phase 1 has already been commissioned, phase 2 was cancelled despite several bids being submitted for the 1 500 MW project, and phases 3 and 4 were expected to have a capacity of 900 MW each. In July 2018 the Ministry of Electricity and Water (MEW) and the Kuwait Authority for Partnership Projects (KAPP) launched an expression of interest for a new 2,700 MW plant which will combine phases 2 and 3 of the initial Az-Zour North project.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.