Mubasher: The Public Authority for Industry (PAI) in Kuwait has signed a memorandum of understanding (MoU) with both Equate Petrochemical Company and National Technology Enterprises Company (NTEC) for a renewable energy project at the authority.
This agreement includes Equate supporting the installation of a renewable energy facility on the roof of Kuwait’s industrial authority through NTEC, according to a recent statement.
The MoU comes in line with the country’s vision to generate 15% of electrical demand from renewable energy including solar by 2030.
“PAI’s future plans include developing clean energy units and its related technological aspects,” director-general of PAI Abdulkarim Taqi said.
CEO and president of Equate Ramesh Ramachandran commented, “Throughout the years, PAI and Equate have enjoyed a partnership to ensure the development and progress of the industrial sector. The flourishing and growth of this collaboration, which now includes other partners, is part of making a difference in terms of implementing EQUATE’s sustainability strategy that focuses on economy, society and the environment, which covers renewable energy.”
