Samsung wins $2.46bn Qatar power plant deal
Samsung C&T Corp, has won a 2.87-trillion won ($2.46 billion) contract to build a power plant in Qatar, a report has said.
The contract calls for the construction of a combined thermal power plant with a capacity of 2,520 MW, about 15 km from the Qatari capital Doha, Yonhap news agency said quoting from Samsung C&T’s regulatory filing.
The project, also known as Facility D and developed by Umm Al Houl Power, is part of a major integrated water and power project – the biggest in Qatar – being built at a cost of $3.15 billion.
The plant at Umm Al Houl, 20 km south of Doha, will also provide 136.5 million gallons per day of water, with the first stage set to be finished in 2017 ahead of full operation in 2018.
Umm Al Houl Power is a special purpose company formed by Qatar Electricity and Water Company (QEWC), Qatar Petroleum(QP), Qatar Foundation(QF) and K1 Energy, a joint venture established by Mitsubishi Corporation(MC) and Tokyo Electric Power Company(Tepco), to develop and sell electricity and water for a period of 25 years following the completion of construction.
Hitachi Zosen Corporation(HZC) has been contracted by Umm Al Houl Power for the construction of the desalination plant
Once completed, the plant will boost Qatar’s production capacity of power and water to 11,000 MW and 535 million gallons per day respectively.
Source: Trade Arabia