Kuwait opens door to PPP in power sector

Kuwait's parliament has passed a law that establishes public shareholding companies to build electrical power and water desalination plants.

The bill is part of a privatisation drive in a country where electrical power generation is dominated by the government.

For each company formed, a 26 percent stake will be offered in an auction for a local or international investor. The government will own a 24 percent stake, and the remaining 50 percent will be offered to Kuwaiti investors.