Kuwait’s public-private investment agency aims to sell-off up to 50% of 1.54GW Az-Zour North 1. Additional IPOs are planned for two new projects.

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...