Kuwait Closes Al-Zour EPC, Finance Deals


Kuwait’s Partnerships Technical Bureau (PTB) has reached financial close with a consortium led by France’s GDF Suez (17.5%) and Japan’s Sumitomo (17.5%) for development of the Al-Zour North independent water and power producer (IWPP) project. Kuwait’s A H Al Sagar and Brothers will have 5% and Kuwait government entities the remaining 60%.

The consortium will build a 1.5GW gas-fired combined-cycle power...