HOUSTON, July 18,
2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today
it has been awarded an advisory consulting contract by Kuwait Oil
Company for the development of a country wide masterplan for the
production of 17GW of renewables and 25GW of green hydrogen by
2050.
Under the terms of the contract, KBR will provide advisory
consulting services to develop a phased strategy for the deployment
of significant wind and solar power, combined with power storage
capability. The renewable power capability will be linked to the
production of green hydrogen for internal industrial use, as well
as for export purposes. This work is expected to be performed over
the next 18 months, with KBR developing a market analysis,
techno-commercial feasibility studies, as well training of Kuwaiti
nationals.
"We are excited to be a part of this significant national level
strategy in Kuwait, as we continue
to grow our presence in country," said Jay
Ibrahim, KBR President Sustainable Technology Solutions.
"This win highlights our advisory capabilities in the development
of major energy transition investments at a national level,
supported by decades of successful project delivery and technology
deployment in the GCC region. It is indicative of KBR's strategic
commitment to Kuwait,
sustainability and the energy transition."
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 35,000 people worldwide with customers in more than
80 countries and operations in over 30 countries.
KBR is proud to work with its customers across the globe to
provide technology, value-added services, and long-term operations
and maintenance services to ensure consistent delivery with
predictable results. At KBR, We Deliver.
Visit www.kbr.com
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beyond the company's control, that could cause actual results to
differ materially from the results expressed or implied by the
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filed Annual Report on Form 10-K, any subsequent Form 10-Qs and
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which discuss some of the important risks, uncertainties and
assumptions that the company has identified that may affect its
business, results of operations and financial condition. Due to
such risks, uncertainties and assumptions, you are cautioned not to
place undue reliance on such forward-looking statements, which
speak only as of the date hereof. Except as required by law, the
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SOURCE KBR, Inc.