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Kuwait’s solar energy powers 16m gas cylinders a year

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Kuwait’s solar energy powers 16m gas cylinders a year

Kuwait to generate 5,700 MW of renewable energy with new projects, valued at 1 billion dinars.

KUWAIT CITY, May 15: Acting Chief Executive Officer (CEO) of Kuwait Oil Tankers Company (KOTC) Sheikh Khaled Al-Sabah has announced that Kuwait is now producing 16 million gas cylinders annually using solar energy through the Umm Al-Aish and Shuaiba plants, which have a combined production capacity of seven megawatts without using electricity from the national power grid. This is considered a significant move towards using solar energy to generate electricity in order to reduce reliance on electricity loads. Speaking at the inauguration ceremony for the conversion of production in both plants to solar power, Sheikh Khaled Al-Sabah affirmed that this step is in line with the strategic plan of the country to reduce carbon emissions and achieve carbon neutrality by 2050. He described the project as a vital part of the ongoing effort to reduce reliance on conventional energy and limit environmental impact.

He also highlighted the aspiration of the company to expand its oil tanker fleet, which currently includes 31 vessels. He revealed a comprehensive strategy is being developed and will be announced soon, reaffirming that KOTC continues to meet all marketing demands and remains a key player in the energy logistics of the country. He added the shipping operations of KOTCH remain stable, even amid global trade tensions, thanks to strategic planning for crisis scenarios. He confirmed that the current trade war has not affected the markets of Kuwait Petroleum Corporation (KPC). “Our distribution and marketing operations are built on long-term, strategic relationships,” he asserted; while stressing the commitment of the country to fulfill all international contracts. He added Kuwait maintains a strong overseas presence with seven million barrels of oil stored in Asia — three million in Japan and four million in South Korea. He disclosed that KPC has a comprehensive strategic plan to study markets and market needs, determine development capacity and increase vessels based on market data.

Asked about the merger of the two gas plants into the Kuwait National Petroleum Company (KNPC), he confirmed that the integration of the Umm Al-Aish and Shuaiba gas plants into KNPC is moving forward as per an ambitious plan. He said KNPC currently provides gas to KOTC tankers, highlighting the synergy between national entities. On the other hand, Director of the Projects and Maritime Agency Group at KOTC Yousef Al-Khamis stated that the solar energy conversion project cost around KD1.9 million; indicating this investment is expected to save about 16,000 barrels of oil annually and generate 11,000 megawatts of clean energy; thereby, easing pressure on the national electrical grid. Al-Khamis also unveiled the plan to establish a third gas cylinder factory in Kabad, while the two existing plants can meet domestic demand until 2030. He said the expansion is part of the company’s long-term strategy. He also addressed concerns about misuse of household gas cylinders by restaurants. “We are coordinating with the Cooperative Societies Union and the Ministry of Commerce to implement mechanisms that prevent restaurants from using cylinders designated for residential use, instead of commercial cylinders,” he added.

By Najeh Bilal
Al-Seyassah/Arab Times Staff

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World markets mixed, Japan’s shares dip after election leaves Ishiba’s future in doubt

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A person stands near an electronic stock board, left top, showing Japan’s Nikkei index at a securities firm on July 22, in Tokyo. The traffic signs read: No Crossing. (AP)

BANGKOK, July 22, (AP): World shares were mixed on Tuesday after U.S. stock indexes inched to more records at the start of a week of profit updates from big U.S. companies. Germany’s DAX lost 0.5% to 24,186.14 and the CAC 40 in Paris gave up 0.4% to 7,768.46. Britain’s FTSE 100 edged 0.1% lower, to 9,009.34. The futures for the S&P 500 and the Dow Jones Industrial Average were virtually unchanged.

In Asian trading, Japan’s benchmark surged and then fell back as it reopened from a holiday Monday following the ruling coalition’s loss of its upper house majority in Sunday’s election. The Nikkei 225 shed 0.1% to 39,774.92. Analysts said the market initially climbed as investors were relieved that Prime Minister Shigeru Ishiba vowed to stay in office despite the setback

. But the election’s outcome has added to political uncertainty and left his government without the heft needed to push through legislation. A breakthrough in trade talks with the US might win Ishiba a reprieve, but so far there’s been scant sign of progress in negotiating away the threat of higher tariffs on Japan’s exports to the US beginning Aug 1.

“Relief may be fleeting. Ishiba’s claim to leadership now rests on political duct tape, and history isn’t on his side. The last three LDP leaders who lost the upper house didn’t last two months,” Stephen Innes of SPI Asset Management said in a commentary. Elsewhere, Hong Kong’s Hang Seng rose 0.4% to 25,082.78, while the Shanghai Composite index advanced 0.6% to 3,581.86.

South Korea’s Kospi sank 1.3% to 3,169.94, with investors concerned over the Aug. 1 deadline for making a deal with U.S. President Donald Trump or facing 25% tariffs on all the country’s exports to the US. Australia’s S&P/ASX 200 added 0.1% to 8,677.20.

India’s Sensex gained 0.1%, while In Thailand, the SET sank 1.1% after the government named Vitai Ratanakorn as the new future governor of the central bank. He is viewed as likely to be less independent than the current governor, raising concerns about the bank’s independence, analysts said. Vitai will replace Sethaput Suthiwartnarueput, when his term as governor ends in September.  

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MEW gets CAPT approval to link external sites, NDCC

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KUWAIT CITY, July 21: The Ministry of Electricity, Water and Renewable Energy has obtained approval from the Central Agency for Public Tenders (CAPT) to issue a tender for linking the external sites of the ministry with the National Data Control Center (NDCC), say sources from the ministry. Sources indicated that this tender is included in the contracts of the ministry for the current fiscal year and are scheduled to be implemented by the Planning, Training and Information Systems Sector. Sources revealed that the tender is for linking the external branches with the data center in the main ministry building and the NDCC in order to allow the exchange of information and provision of electronic services.

Sources pointed out that “subject to the approval of CAPT, the tender will be announced and a date will be set for specialized companies to submit their bids, select the winning bid and implement the project under the regulations.” Sources added the ministry intends to install five main power transformer stations for the Automobile Circuit Project — Rawda Block Three, Kabd C, cow farms, Sharq Block Four and Al- Arabi Club; in addition to supplying and extending the necessary underground cables to feed the five planned stations through two tenders: the first for the stations and the second for the cables. Sources said the two tenders aim to provide the energy needed to expand the high-voltage and ultra- high-voltage electrical networks resulting from the increased demand for electricity in the aforementioned areas, as well as to provide electricity continuously throughout the day. Moreover, the ministry also confirmed the start of electricity connection in Al-Mutlaa Residential City (N1 District – parts of Block One; in cooperation with the Public Authority for Housing Welfare (PAHW). It reiterated that it is now receiving applications to connect electricity to 251 plots

By Mohammad Ghanem
 Al-Seyassah/Arab Times Staff 

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DGCA of Kuwait and Japan Take Off on a New Chapter of Aviation Cooperation

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DGCA of Kuwait and Japan Take Off on a New Chapter of Aviation Cooperation

Chairman of the Kuwaiti Directorate General of Civil Aviation (DGCA) Sheikh Humoud Mubarak Humoud Al-Sabah receives the Japanese Ambassador to Kuwait Kenichiro Mukai

KUWAIT CITY, July 21: Chairman of the Kuwaiti Directorate General of Civil Aviation (DGCA) Sheikh Humoud Mubarak Humoud Al-Jaber Al- Sabah said Sunday that the DGCA looks forward to promoting cooperation with Japan in civil aviation. Sheikh Humoud made the remarks while welcoming Japanese Ambassador to Kuwait Kenichiro Mukai to discuss bilateral cooperation in the field of civil aviation, the DGCA said in a press release. He underlined the importance of deepening the distinguished ties between both friendly countries, praising Japan’s advanced experience in technology and aviation industry, it said. For his part, the Japanese Ambassador expressed his appreciation to the Kuwaiti official for his hospitality, saying that his country is interested in furthering cooperation with the State of Kuwait in aviation, in a way that contributes to exchanging expertise and achieving integration in the fields that concern both sides. (KUNA)

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