Kuwait Oil Company (KOC) has signed a memorandum of understanding with the Ministry of Electricity, Water, and Renewable Energy.
The purpose of this memorandum is to connect the renewable energy plants that the company intends to build, with a capacity of 1 gigawatt of electricity from solar and wind energy, to the national electricity grid to supply the Company’s facilities.
It also aims to form a joint working team tasked with developing concepts and plans to implement the energy transition strategy and achieve carbon neutrality by 2050.
Additionally, the memorandum aims to coordinate between the relevant entities and overcome the challenges facing KOC and the MEWRE regarding the implementation of renewable energy projects.
KOC CEO, Ahmed Jaber Al-Eidan, representing the company, and the acting Undersecretary of MEWRE Maha Al-Asousi,, representing the ministry, attended the signing ceremony.
DCEO (Planning and Innovation), Eisa Al-Muraghi, DCEO (Gas and Environment) Ameena Rajab, Manager Innovation & Technology Group Hamad Al-Zaabi, Manager Production & Gas Projects Group Abdullah Al-Mutairi, as well as several Team Leaders, relevant employees, and assistant undersecretaries and technicians from MEWRE attended the signing ceremony.
During the signing ceremony, Al-Eidan delivered a speech expressing gratitude to the Ministry and its employees for their cooperation, commending the efforts of the Company’s employees who contributed to the completion of the memorandum, and providing a brief explanation of the Company’s plans.
On her part, Al-Asousi delivered a similar speech thanking the attendees, noting that the memorandum and the plants to be built by KOC will contribute to reducing carbon emissions and relieving the load on the national grid.
The signing of the memorandum of understanding comes as part of the KOC’s efforts to develop its operations in line with the vision of “New Kuwait 2035.”