Kuwait to invite bids for 900MW gas turbines
Kuwait intends to issue tenders for the supply, installation and operation of gas turbines to expand the generation capacity of one of its power plants by nearly 900 megawatts (MW), the Electricity, Water and Renewable Energy Ministry has said.
The Central Agency for Public Tenders (CAPT) has approved a request by the Ministry to issue tenders for the expansion project at Subiya station in South Kuwait, the Ministry said in a statement on Thursday.
The project, which is intended to face a steady rise in domestic demand, is expected to be completed within 36 month, the statement said.
In early 2025, the Ministry said it would invite bids for Subiya and another power plant as part of a drive to increase domestic power supplies.
The Subiya project is estimated to cost around 257 million Kuwaiti dinars ($848 million) while the other one at Nuwaiseeb in Al-Ahmadi Governorate has a cost of nearly KWD950 million ($3.135 billion).
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
a day ago
- Gulf Today
Ministry of Economy, Dubai Police partner to strengthen cooperation
The Ministry of Economy has signed a Memorandum of Understanding (MoU) with Dubai Police General Command to strengthen cooperation and coordination in developing compliance mechanisms for anti-money laundering (AML) and combatting the financing of terrorism (CFT) requirements. The agreement facilitates the exchange and integration of information between the two entities, thus enhancing supervisory roles within the national legislative framework. The MoU was signed on the sidelines of the fourth edition of the World Police Summit, held at the Dubai World Trade Centre under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The agreement was signed by Safia Hashim Al Safi, Assistant Undersecretary for Commercial Control and Governance at the Ministry of Economy, and Major General Expert Khalil Ibrahim Al Mansoori, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police. Safia Al Safi emphasised that the UAE has made significant strides in developing advanced strategies, policies, and legislation to combat money laundering and terrorism financing in line with the highest international standards. This has further reinforced the national economy's position as a competitive trade and business hub committed to the highest standards of integrity and transparency. He noted that the partnership with Dubai Police aligns with the Ministry's vision to enhance collaboration with federal and local entities, thereby strengthening the national framework and developing mechanisms to combat financial crimes and enhance regulatory infrastructure in accordance with relevant international standards. Safia Al Safi explained that the MoU establishes a sustainable institutional framework between the Ministry and Dubai Police to collaborate on various AML/CFT procedures within the country, including control, inspection, and monitoring of illicit activities. This partnership aims to elevate the efficiency of control and follow-up systems and serves shared objectives in combating financial crimes within the country. Press Release Supporting national efforts Major General Expert Khalil Al Mansoori said: 'The MoU with the Ministry of Economy is a significant milestone in enhancing institutional integration among relevant entities involved in combating financial crimes. Dubai Police is committed to supporting national efforts to counter money laundering and combat terrorism financing by advancing its technical and human competencies. We aim to leverage Dubai Police's research, investigation, and financial analysis ecosystems to develop effective, proactive mechanisms for detecting suspicious activities and enhancing rapid responses to associated risks, in line with global best practices. This plays a role in reinforcing the UAE's position as a secure and transparent global economic hub.' He further emphasised that the collaboration marks a significant step forward in integrating national efforts and unifying resources and expertise to develop more precise and effective regulatory tools, while continuing to invest in national talent and smart technologies to build a safer and more stable environment. Counselor Salem Al Tunaiji, Director of the Anti-Money Laundering and Counter-Terrorism Financing Department at the Ministry of Economy, explained that the MoU provides advanced mechanisms for technical and security coordination between the Ministry and Dubai Police. This includes the exchange of data related to money laundering and terrorism financing crimes, aligning with the Ministry's role in supervising Designated Non-Financial Businesses and Professions (DNFBPs) and identifying the real beneficial owners of legal entities. Under the scope of the MoU, both parties will collaborate on developing integrated mechanisms and programs to elevate risk response efficiency related to suspicious financial activities within the DNFBP sector, which include real estate agents and brokers, traders of precious metals and stones, auditors, and company service providers. This will be realised through the exchange of data on suspicious transactions and activities and the activation of secure and effective institutional communication channels to ensure the swift exchange of confidential data in line with the approved legal and regulatory frameworks. These efforts support their awareness endeavours to prevent and deter violators, in line with the applicable legislations and regulations in the UAE. The MoU also outlines the implementation of joint training programs and specialised workshops aimed at enhancing the professional competencies of both parties' staff and the development of periodic analytical reports to support decision-making, ensuring the comprehensive application of administrative and regulatory procedures. Additionally, the MoU includes provisions to support awareness and media campaigns related to institutional compliance and financial crime prevention, as well as collaboration in developing relevant policies and legislation and reviewing regulatory frameworks to ensure their alignment with international requirements. Meanwhile, the Abu Dhabi Judicial Department (ADJD) organised the 'Eid Joy' initiative, which brought together well-behaved inmates of correctional and rehabilitation centres with their families in a festive atmosphere on the occasion of Eid Al-Adha.
Zawya
4 days ago
- Zawya
Africa Finance Corporation (AFC) Champions Shift of $4 Trillion in Domestic Savings into Africa's Infrastructure Transformation
Clarion call for scaling electricity generation and transmission to drive structural economic transformation Installed power capacity per capita stagnated in Africa vs. doubling in India since 2008 Africa's railway expansion is gaining speed with 7,000 km of new track investments poised to double growth in the next decade Africa's rising supply of strategic resources such as iron ore requires a unified continental approach to integrate production, processing and demand centres for steel Africa Finance Corporation (AFC) ( the continent's leading infrastructure solutions provider, today publishes the most comprehensive and up-to-date picture of Africa's investable capital landscape—revealing over $4 trillion of domestic savings in banking assets, institutional funds and reserves. Download report: The research in the 2025 edition of the State of Africa's Infrastructure (SAI) Report underscores AFC's conviction in the capacity for African-led investment as the foundation for scaling provision of power, transportation and industrialisation across the continent. Specifically, the SAI Report provides a conservative estimate of over $1.1 trillion in long-term institutional capital from pensions, insurance, sovereign wealth funds, and public development banks, along with $2.5 trillion in commercial banking assets and over $470 billion in central bank reserves. Despite the scale of these resources, most investments are allocated to low-risk and short-term instruments rather than being channelled into the real economy. AFC's report calls for targeted policy reforms, financial innovation, increased use of risk-mitigation tools, and the creation of financial structures—such as pooled funds or investment platforms—to reposition African institutions at the heart of the continent's infrastructure transformation. Thinking Bigger As part of the process of identifying investment opportunities, the SAI Report seeks to shift Africa's energy narrative—from small-scale access to large-scale, interconnected power systems capable of driving industrialisation, digital sovereignty, and climate resilience. Under-investment in African energy is stark. In 2024, Africa added just 6.5 GW of grid-connected capacity from all sources—compared to over 18 GW from renewables alone in India. Installed power generation per person has stagnated in Africa while more than doubling in India since 2008, highlighting the widening gap in energy access and industrial potential. The report further advocates for regional grid integration and private sector participation in electricity transmission, noting that Africa—in contrast to other developing regions—has yet to see a single independent transmission project. AFC identifies Angola, DRC, Tanzania, and Mauritania as key interconnector markets that could enable countries with excess generation capacity to supply power to those facing deficits—linking multiple power pools and balancing electricity flows across borders. Rail Renaissance In contrast to the under-investment in energy, the SAI Report spotlights the emergence of a new rail infrastructure cycle, signaling renewed momentum across Africa's transport landscape. From east to west and southern Africa, a growing pipeline of railway projects—public and private—is reversing decades of neglect and disrepair. Under-construction and planned lines total over 7,000 km, potentially doubling the pace of rail expansion in the decade ahead. To showcase this renaissance, AFC has launched the first-ever Digital Map of African Railways ( dynamic, interactive platform that provides real-time insights into the continent's rail corridors. The tool aims to enhance project visibility, foster investor interest, and support coordination along key transport and trade corridors. Industrial Value Chains The report further identifies steel, fertilizers and oil refining as Africa's three most important strategic industrial inputs—currently dominated by some $300bn of annual imports but ripe for domestic value addition. As a result of local production shortfalls, Africa currently consumes just 24 kg of steel per capita, compared to a global average of 219 kg, and 23 kg of fertilizer per hectare, versus 140 globally. Notably, the ore-to-steel supply chain represents a major untapped industrial opportunity—but realising its potential will require connecting expanding iron ore supply centres in West Africa with processing hubs and growing consumption markets across the continent. AFC calls for coordinated investment in energy, transport, and logistics to unlock competitiveness in these sectors and anchor regional production hubs. Commenting on the findings, Samaila Zubairu, President&CEO of Africa Finance Corporation, said: 'This report provides a practical roadmap for how Africa can channel its significant financial strength into the infrastructure needed to drive industrial transformation—from scaling electricity supply to revitalising rail and building up strategic industries like steel and fertilisers. The tools exist. The capital is available. What's needed now is coordinated action to unlock it.' Distributed by APO Group on behalf of Africa Finance Corporation (AFC). Media contact: communications@ For comments and input on the report: research@ About AFC: AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception.
Zawya
4 days ago
- Zawya
Jordan: NEPCO reports 5.8% rise in purchased, sold electricity in 2024
AMMAN — The National Electric Power Company (NEPCO) announced on Tuesday that it witnessed an increase of 5.8 per cent in terms of purchased and sold electricity between 2023 and 2024. The total volume of purchased electricity reached 22,723 gigawatt-hours (GWh) in 2024, marking an increase from 21,473GWh the previous year, the Jordan News Agency, Petra, reported. This increase was driven by a 22.8 per cent surge in electricity from the Al Attarat oil shale project, a 7.5 per cent increase in renewable energy contributions, and a slight 0.2 per cent rise from conventional generation sources. Purchases from other sources, including the King Talal Dam and the Indo-Jordan Chemicals Company, decreased by 3.5 per cent, NEPCO said. Electricity sales climbed to 22,323GWh in 2024, an increase from 21,105GWh in 2023, with distribution companies accounting for a 5.5 per cent increase in sales. Sales to industrial consumers, including the extractive, transformative, and electric power sectors, rose by 7.2 per cent, while sales to other customers, such as the airport, state television, radio and others, grew by 2.8 per cent. NEPCO's report also noted a slight decrease of 0.9 per cent in electricity imports from Egypt, falling from 266.4 to 264.0 megawatt-hours. The figures also showed that exports surged by 32.6 per cent, reaching 265.8 megawatt-hours. This increase was due to higher exports to the Jerusalem District Electricity Company, the Trebil border station in Iraq, and the General Company for Electricity Transmission in Iraq. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
