Project

Az-Zour North Independent Water and Power Project — Phase 2 & 3

KuwaitPower Generation, DesalinationReviewed 30 September 2026

ACWA Power and Gulf Investment Corporation signed the Energy Conversion and Water Purchase Agreement (ECWPA) with MEWRE in February 2026 for a 25-year BOT project delivering 2,700+MW and up to 120 MIGD of desalinated water. The project company will be 60% KAPP-owned and 40% ACWA-GIC owned, with 50% of total shares earmarked for eventual public subscription by Kuwaiti citizens.

Status

Development / Pre-ConstructionStatus
Energy Conversion and Water Purchase Agreement signed February 2026; construction expected to followProcurement Status

Scale & Capacity

2,700+ MWPower capacity
up to 120 MIGDWater capacity

Overview

Location
Az-Zour, southern Kuwait
Delivery Model
IWPP / BOT, 60% KAPP / 40% ACWA Power-GIC consortium; 50% of total shares to be offered via public subscription to Kuwaiti citizens once operational and listed
Contract Term
25 years

Project Developments

  • Project · 1 February 2026ACWA Power-GIC consortium signs ECWPA for Az-Zour North Phase 2 & 3

    In February 2026, ACWA Power and Gulf Investment Corporation signed the Energy Conversion and Water Purchase Agreement for the 2,700+MW Az-Zour North Phase 2 & 3 IWPP with Kuwait's Ministry of Electricity, Water and Renewable Energy.

Participants & Roles

Sponsor / Developer

Government Entity / Grantor

Offtaker / Revenue Counterparty

Sources
  • ACWA Power press release / utilities-me.com / smartwatermagazine.comProject Company / Sponsor