KOC to link 1 GW green energy to the grid
Kuwait Oil Company has sealed an agreement with the Ministry of Electricity, Water and Renewable Energy to link 1 GW of renewable energy plants to the national electricity grid.
Image for illustration purposes.
Kuwait, Kuwait City: Kuwait Oil Company (KOC) has sealed an agreement with the Ministry of Electricity, Water and Renewable Energy (MEWRE) to link 1 GW of renewable energy plants to the national electricity grid. The company had earlier announced that it will be setting up the renewable energy plants (with a mix of solar and wind energy) in order to boost the power supply to the company’s facilities.
The agreement was signed by Ahmed Jaber Al Eidan, the CEO of Kuwait Oil Company, and Maha Al Asousi, the acting undersecretary of MEWRE, in the presence of senior officials. The MoU’s aim is to coordinate between the relevant entities and overcome the challenges facing KOC and the MEWRE regarding the implementation of renewable energy projects.
At the signing ceremony Al Eidan lauded the leadership for its support for the project and pointed out that it was part of the KOC’s efforts to develop its operations in line with the vision of New Kuwait 2035, while Al Asousi said the new plants being built by KOC will help contribute to cutting carbon emissions and relieving the load on the national grid. Under the agreement, the companies will form a joint working team whose task will be to develop concepts and plans to implement the energy transition strategy and achieve carbon neutrality by 2050.
Source: Zawya