The construction teams of Shamal Azzour Al-Oula, Hyundai Heavy Industries and Societe Internationale De Dessalement have commissioned the final power generation unit for Kuwait's first independently owned power and water facility.
Construction of the $1.7 billion Azzour North One, phase one of the country’s IWPP project, is expected to start full commercial operation by the end of November, a statement said.
Shamal Azzour CEO Andy Biffen said: “Team members from all companies involved in the project are very proud of their achievements. While this is a very modern and complicated facility, the project has progressed without delays, overspend or technical difficulties, reflecting the skills, efficient organization and expertise of all those involved.”
When fully operational, the project will represent 10 percent of Kuwait power peak capacity (1,539MW) and 20 percent of water generation (107 million gallons per days), the statement said.
It added that the project will be fueled from a blend of local gas and imported LNG.
Shamal Azzour Al-Oula is 40 percent owned by a private consortium comprising ENGIE (formerly GDF SUEZ), Sumitomo Corporation, and AH Al Sagar & Brothers.
The remaining 60 percent is owned by the Government of Kuwait, which is mandated to sell 50 percent of the total ownership through an IPO to Kuwaiti citizens after construction is completed. The government will retain a 10 percent stake following the IPO.
Source : http://www.arabianbusiness.com/