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Qatar Electricity and Water Company (QEWC) has signed a 25-year power and water purchase agreement (PWPA) with state-owned utility Kahramaa for the Facility E Independent Water & Power Production (IWPP) project.
Facility E will have a production capacity of 2,409 megawatts (MW) and 110 million gallons per day (MIGD), the utility provider said in a statement to the Qatar Stock Exchange.
A project company will be established in Qatar after obtaining the necessary legal approvals, the statement said, adding that QEWC’s will own 55 percent stake in the project company.
The project is located in Ras Abu Fontas, south of Doha, at the site of the previous RAF A power and water facility plant, which has been demolished, according to the QEWC website.
In a separate statement on Tuesday, Japan’s Sumitomo Corporation said its consortium with Shikoku Electric, Korea Southern Power Company (KOSPO) and Korea Overseas Infrastructure & Urban Development Corporation (KIND) will develop and operate the Facility E IWPP project.
The statement said the Japanese-Korean consortium will jointly establish a project company with Qatar Electricity and Water Company (QEWC) and Qatar Energy (QE). Sumitomo Corporation will own 17 percent of the project company with Shikoku Electric owning 11 percent, KOSPO at 6 percent and KIND at 6 percent. QE will own 5 percent stake. The project company will also explore plans for Carbon Capture and Storage (CSS) to further reduce CO2 emissions.
(Writing by P Deol; Editing by Anoop Menon)
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