GDF Suez, Sumitomo Land Kuwaiti Power Project Contract

Law360, New York (January 8, 2013, 1:26 PM EST) -- A consortium including GDF Suez SA and Sumitomo Corp. has won a contract to construct and operate a 1,500-megawatt gas power plant and water desalination facility through a public-private partnership agreement, the companies said Tuesday.

The Kuwaiti government awarded the contract to the companies, which are partnering with locally based Abdullah Hamad Al Sagar & Brothers, paving the way for development to begin on Az Zour North Independent Water and Power Project shortly. Financial details of the project and contract were not disclosed, though the consortium...
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