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Kuwait signs contract worth KD 1.3 million with French bank |
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Tuesday, 23 March 2010 00:12 |
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KUWAIT, March 22 (KUNA) -- The Kuwaiti technical and initiatives board for the development of projects bureau signed an agreement on Monday with French B.
N.B Bariba Bank worth Kuwaiti Dinar (KD) 1.3 million to set up a study for establishing a power station estimated to be worth KD 250 million.
Head of the bureau Adel Al-Roumi said, in a press release after the signing ceremony, that such an agreement will include the appointment of an advisor for operations in the intended power station.
Al-Roumi, who signed the contract on behalf of the Kuwaiti side, added that the deadline for the study will be determined based on the announcement date of establishing the company which will work on the project and after a bid to nominate the strategic partner in the project. - Kuna
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