Aid Kuwait Fund Loans Oman $27Mn For Power And Desalination Flows PlantUpgrade
The Kuwait Fund for Arab Economic Development (KFAED) is to lend Oman $27mntowards the expansion of its al-Ghubrah power and water desalination plant. Theagreement was signed on 14 May. The total cost of the expansion will be OR44.6mn($116mn) and involves the addition of two 95MW electricity generators. Theremaining $89mn required for the project will be raised locally. The plant...