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Ministry of Electricity & Water and Renewable Energy

company 1 Deal 2 Partners

Kuwait's Ministry of Electricity, Water and Renewable Energy is the governmental body responsible for the planning, development, operation, and regulation of the nation's electricity generation, transmission, and distribution, as well as water desalination and supply. It oversees the country's installed power capacity of approximately 18-20 GW and leads initiatives for renewable energy integration.

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Founded 1962
Government MinistryGovernmentOperatorDeveloperOfftaker

Strategic Overview

  • Focus on ensuring energy and water security for Kuwait.
  • Driving the diversification of Kuwait's energy mix, with a target of 15% renewable energy by 2030.
  • Implementing large-scale independent power and water projects (IWPPs) through public-private partnerships.
  • Modernizing and expanding the national electricity grid and water distribution networks.

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Deal Activity from Public Sources

Signing of Power and Water Purchase Agreements for the Az-Zour North One Independent Water and Power Project (IWPP)
Ppa Thermal Power, Desalination Kuwait December 2013 1500 MW with Az-Zour North One Company
Development and operation of Shagaya Renewable Energy Park Phase 1, including solar PV, CSP, and wind power plants
Development Solar PV, Onshore Wind, Concentrated Solar Power Kuwait 2015 70 MW

Investment Focus

Technologies
Solar1
Geography
Kuwait1

Key People

H.E. Dr. Jassim Mohammed Abdullah Al-Ostad
Minister of Electricity, Water and Renewable Energy

Track Record

20,000
MW Total
62
Years Active
Notable projects: Az-Zour North One Independent Water and Power Project (IWPP), Shagaya Renewable Energy Park

Detailed Analysis

Sectors
UtilitiesEnergy Transition
Technologies
Thermal PowerDesalinationSolar PVOnshore WindTransmissionConcentrated Solar Power
Geographies
KuwaitMiddle East
Deal Stage
GreenfieldBrownfieldOperating

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