Tuesday, December 1, 2015

Zouk, Jiyeh plants restoration financed. A total of 960 megawatts of power to be refurbished


Parliament has approved, in its plenary session last month, a loan agreement for the restoration of the Zouk and Jiyeh power plants.

The Kuwaiti Fund for Arab Economic Development will finance the agreement with 25 million Kuwaiti dinars ($82 million). The loan has a two percent yearly interest and will be paid back over a period of 20 years. It has a grace period of five years.

The project entails restoring four power generation units in Zouk with a combined capacity of 600 megaw...

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