Qatar Signs $439 Million Power Plant Agreement
Deal News | Mar 07, 2025 | Zawya
Qatar General Electricity & Water Corporation (Kahramaa) and Qatar Electricity and Water Company (QEWC) have entered into a power purchase agreement to bolster the country's electricity grid by implementing units for peak electricity generation at the Ras Abu Fontas Plant. This initiative is aimed at reinforcing the nation's electricity grid and promoting the use of solar energy. The plant, with a projected capacity of 511 megawatts and an investment totaling QR1.6 billion ($439 million), is expected to commence by January 2027. This venture is pivotal for Qatar's energy strategy, ensuring the balance and reliability necessary to satisfy increasing energy demands, while also endorsing sustainability through renewable energy integration.
Sectors
- Energy
- Utilities
Geography
- Qatar – The article centers around Qatar as the host country for the power plant project and the geographical focus of the agreement and development.
Industry
- Energy – The article primarily pertains to the energy sector, specifically focusing on electricity generation and renewable energy integration.
- Utilities – Utilities are involved due to the roles of power supply companies like Kahramaa and QEWC in the power purchase agreement.
Financials
- $439 million (QR1.6 billion) – The total investment cost of the project aimed to enhance Qatar's electricity grid.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Qatar General Electricity & Water Corporation (Kahramaa) | Buyer | Company | Kahramaa is the power and water utility provider leading the power purchase agreement in Qatar. |
| Qatar Electricity and Water Company (QEWC) | Vendor | Company | QEWC is a major utility company responsible for executing the power generation projects on behalf of Kahramaa. |
| Minister Saad Sherida Al Kaabi | Government | Person | The Minister commenting on the strategic importance and sustainability goals of Qatar's power projects. |