ACWA Power Company (acwa) led consortium signs an Energy Conversion and Water Purchase Agreement for Az-Zour North Phase 2 & 3 IWPP in Kuwait.
The value of the contract is approximately USD 4.1 Billion.
Az Zour North 2&3 Project is a Combined Cycle Gas Turbine (CCGT) plant with a power capacity of 2,700 Megawatts (MW). Furthermore, the Project will comprise a desalination component that will utilize Seawater Reverse Osmosis (SWRO) technology to produce c. 545.5 thousand m3/day.
The Project will be developed on a Build, Operate and Transfer (BOT) basis under a 25-year Energy Conversion and Water Purchase Agreement (ECWPA) with Ministry of Electricity, Water and Renewable Energy “MEWRE” under which MEWRE will purchase the entire Power and Water Capacity of the Plant.
The ECWPA was signed between MEWRE and Gulf Alliance for Power and Water (K.S.C.P), which is owned by Kuwait Authority for Partnership Projects (“KAPP”), acwa, and Gulf Investment Corporation (“GIC”). acwa’s effective share in the project is 24%.
The duration of the contract is 25 years from Project Commercial Operation Date.
Read Also: Kuwait Short-listed the Bidders for 4.5GW Az-Zour North and Al-Khairan IWPP Projects
Earlier, during August 2025, the consortium signs the Letter of Agreement for the project. (read more)
