National Bank of Kuwait SAK, Al Ahli Bank of Kuwait KSC, Commercial Bank of Kuwait SAK and Gulf Bank KSC are studying the financing of an 800 million-dinar ($2.8 billion) power plant, Al-Watan reported, citing unidentified bankers familiar with the matter.
The lenders will reply within a month to a request from companies implementing the project, the newspaper said.
Kuwait in September signed a contract worth about $2.5 billion with General Electric Co. and Hyundai Heavy Industries Co. to build the 2,000-megawatt power plant. The plant in Subbiya will be operational by summer of 2011.
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