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Kuwait opens door to PPP in power sector

New law allows for private ownership of power projects.

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Kuwait is taking a step towards privatising the power sector.
Kuwait is taking a step towards privatising the 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.

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