Qatar Signs Deal With Marubeni, Total To Build Solar Power Station

DOHA, Jan 20 (NNN-QNA) – Qatar signed an agreement with France’s Total and Japan’s Marubeni, to build a solar power plant, with a capacity of 800 megawatts, according to Qatar’s energy minister, on Sunday.

“The cost of the project is about 1.7 trillion Qatari riyals (467 million U.S. dollars),” Saad al-Kaabi, who is also chief executive of Qatar Petroleum (QP), told a news conference, in the Qatari capital, Doha.

Qatar’s Siraj Energy, a joint venture owned by QP and Qatar Electricity and Water Company (QEWC), will hold 60 percent stake in the solar plant. The remaining 40 percent will be owned by Marubeni and Total.

“Qatar, the world’s largest supplier of liquefied natural gas (LNG), plans more solar projects, as the country aims to reduce carbon emissions and minimise its impact on the environment,” Kaabi said.– NNN-QNA