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Kuwait agrees $2.7 bn power deal

US industrial conglomerate General Electric and South Korea's Hyundai
Heavy Industries have signed a $2.7 bn (£1.6 bn) power plant deal
with Kuwait. The partners plan to complete the 2 ,000 megawatt
plant, located in the northern town of Subbiya, by 2012 , although it
will start producing power in 2011. The plant will comprise six gas
turbines and six steam turbines. Kuwait has ambitious plans to boost
substantially its power supply in the coming years. "It is an
important step in our plans to boost power capacity to meet
continuing demand, which is projected to grow at about 8 % a year,"
said Kuwait's Minister of Electricity and Water Badr al-Shuraian.