15 Aug Kuwait set to issue tender for $1.2 billion solar plant
Kuwait is looking at launching a tender for a US$1.2 billion, 1GW solar power plant in the first quarter of 2018, as the oil producing nation aims to produce 15% of its power from renewable sources by 2030.
The Middle Eastern country set a deadline of September 7 for companies to express an interest in the Dibdibah solar power plant, according to Shukri Abdul Aziz Al-Mahrous, deputy chief executive officer of planning and finance at Kuwait National Petroleum Co.
Al-Mahrous added that the Dibdibah plant will alone produce half of the nation’s planned renewable energy output, which will not only benefit the environment, but also allow Kuwait to increase production of petrochemicals and refined products.
“By freeing up the resources, the crude and fuel oil, you can process them and have a highly valued product. Everything you don’t use has value for the country.”
The plant, in Kuwait’s Northwest, will be completed by the end of 2020 and will save burning 5.2 million barrels of oil per year, reducing carbon emission by 1.3 million tonnes annually.