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FINANCIAL NEWS
Qatar plans to build electricity plant
06 Oct 2010
(MENAFN) A senior official at the Qatar Electricity and Water Company (QEWC) said that Doha is planning to set up an electricity plant with a capacity of up to 5,000 megawatts by 2016 to meet rising demand, Reuters reported.
Qatar, the world’s largest exporter of liquefied natural gas, has budgeted $4.1 billion to spend over the next three years on electricity and water projects. Work on the plant is expected to begin by 2013.
The Gulf state’s generation capacity is about 7,600 megawatts now and is set to increase to 8,800 megawatts by 2011. Demand is about 5,100 megawatts, and could grow to 8,500 by 2015, according to state-run utility QEWC.
An increasing number of governments in the region are turning to private sector partners to meet demand for power and water, which are surging in tandem with economic growth.
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