ACWA Power Consortium Signs Agreement for Az-Zour North Phase 2 & 3 IWPP in Kuwait

In a significant development for Kuwait’s infrastructure sector, ACWA Power, in collaboration with consortium partner Gulf Investment Corporation (GIC), has signed a Letter Agreement with the Kuwait Authority for Partnership Projects and the Ministry of Electricity, Water, and Renewable Energy. The agreement paves the way for the development of the Az-Zour North Phase 2 & 3 Independent Water and Power Project in Southern Kuwait.

The Az-Zour North expansion marks ACWA Power’s first greenfield asset in Kuwait, representing a strategic milestone for the company’s regional portfolio. The project is set to play a pivotal role in enhancing the nation’s electricity generation capacity and strengthening its water security infrastructure, addressing the country’s growing demand for reliable energy and potable water.

Beyond infrastructure improvements, the initiative is also expected to deliver substantial socio-economic benefits. Both the construction and operational phases will create valuable employment opportunities, particularly for young Kuwaiti professionals, contributing to skills development and workforce growth in the renewable energy and utilities sectors.

The Az-Zour North Phase 2 & 3 project underscores Kuwait’s commitment to sustainable infrastructure development and reflects the ongoing collaboration between public and private stakeholders in meeting the country’s long-term energy and water needs.