Middle East Economic Survey

VOL. LII

No 38

21-Sep-2009

KUWAIT

GE And Hyundai Win $2.65Bn Contract To Build 2GW Power Plant at Sabiya

Kuwaits Ministry of Electricity and Water signed a turnkey contract with GE Energy and Hyundai Heavy Industries on 14 September for the construction of a 2gw power plant at Sabiya in northern Kuwait, at a total cost of $2.65bn. A statement by GE said the plant would add much needed power to the grid, adding to Kuwaits current generating capacity of 11gw. Kuwaits...