Kuwait-Saudi consortium wins $400-mn Oman solar power station bid
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The consortium includes Saudi Arabia’s ACWA Power and Kuwait’s Gulf Investment Corporation and Alternative Energy Projects Company
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.
Source: reuters
