The Kuwait Authority for Partnership Projects (KAPP), formed by the government to promote public-private partnership (PPP) investment, this week launched a public offering of up to 50% of the shares in the project company that developed Kuwait’s first PPP power and desalination plant.
KAPP says the 1.54GW Az-Zour North 1 will be the first Kuwaiti PPP project to be offered for public subscription. It was built 100km south of Kuwait City on the Gulf coast at a cost of $1.7bn and reached full commercial operation in late 2016 (MEES, 16 December 2016). (CONTINUED - 790 WORDS)
