blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Business News

 

Qatar signs deals to build US$3.8b power plant
Posted: 12 May 2008 0212 hrs

  Fresh water purification operations.
 
Photos  of

   
 


DOHA : Gas-rich Qatar on Sunday signed a series of deals to build a 3.8-billion-dollar (2.5-billion-euro) desalination and power plant part-owned by Japanese and French firms, a statement said.

The facility will be completed in 2011 and will be owned and operated by Ras Girtas Power Company, the statement from the Qatar General Electricity and Water Corporation, which will purchase the power and water from the plant, said.

The Ras Girtas Power Company is jointly owned by the Qatar Electricity and Water Company (45 percent), a consortium of Japan's Mitsui and France's Suez Energy International (40 percent) and Qatar Petroleum (15 percent).

The plant will have eight gas turbine generators, eight heat recovery steam generators, four steam turbine generators and 10 desalination units.

Officials from Qatar and the companies involved in the project signed deals to build the facility at a cost of 14 billion Qatari rials (3.8 billion dollars).

Mitsui is the main contractor for the plant, which will produce 2,730 megawatts of electricity per hour and will have a capacity of 63 million gallons (286 million litres) a day.

This will give the Gulf Arab state, currently in the midst of a construction boom, a total power generating capacity of 9,000 megawatts and a desalination capacity of more than 320 million gallons (1.4 billion litres) per day. - AFP/de

 


Other business News
Greece says agreement reached on austerity measures: ECB
Spain's economy to worsen in Q1
China inflation rises to 4.5% in January
OPEC cuts 2012 oil demand forecast
Indonesia cuts interest rate to record low
Malaysia sees record trade in 2011
China says January exports expected to have dropped
ECB holds key interest rate steady at 1.0%
Rio Tinto earnings down 59% on aluminium write-down
S. Korea freezes key rate for 8th straight month
Asia stocks mixed on Greek fears, China inflation
China's Alibaba raising US$3b for Yahoo! stake
China's January inflation hits 3-month high
Greek coalition talks end without full agreement
News Corp quarterly net profit up 65%
Air France warns of fresh strike disruptions Thursday
Greek leaders in final talks on austerity and rescue
Amazon strikes video deal with Viacom

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions