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Image used for illustrative purpose Employees work inside a thermal power plant in Huaibei, Anhui province November 4, 2013. The message from Beijing could not be clearer: China needs to shift to a more balanced economy that is socially and environmentally sustainable. That was the conclusion of a key Communist Party meeting a decade ago, yet what followed was more of the same: rapid investment-led expansion, which turned China into the world's no.2 economy, but left it laden with debt, environmental damage and excess capacity.
KUWAIT - Kuwait plans to list shares in the Az-Zour North Independent Water & Power Project on Oct. 1, the Kuwait Authority For Partnership Projects said on Monday in local newspaper Al Rai.
The shares - representing 50% of the power project's equity, will come from the stake held by the Kuwait Authority for Partnership Projects.
The sovereign wealth fund, the Kuwait Investment Authority, and the country's pension fund, the Public Institution for Social Security each hold a 5% stake, while the remaining 40% of the project is held by a consortium including Engie, Sumitomo and Abdullah Hamad Al Saqer & Brothers Company.
(Reporting by Ahmed Hagagy, writing by Davide Barbuscia, editing by Louise Heavens) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))
