25.05.2015, 15:35
Qatar Electricity and Water signs of power and Water purchase agreement for the UMM AL HOUL power project
OREANDA-NEWS. Qatar Electricity and Water Company announces the Emiri diwan Office of the Prime Minister , H.E. Shaikh Abdullah bin Naser Al Thani , and in the presence of Minister of Energy & Industry , H.E. Dr. Mohamed bin Saleh al-Sada, Kahramaa and Umm al Houl Power Co. ,( a Joint Venture Company between Qatar Electricity & Water Co, Qatar Petroleum, Qatar Foundation , Mitsubishi Corporation and Tokyo Electric Power Co.) signed the Power & Water Purchase Agreement (PWPA).
In accordance with this agreement the Umm al Houl Power co. will design, build and operate a Power and Water desalination plant ( 2520 MW Power & 135.6 MIGD/day water ). The product of this plant will be sold to Kahramaa through the power & water purchase agreement for a 25 year period.
The plant will be commissioned in stages during the period from 2017 to 2018. This Project will be the biggest in the State of Qatar and one of the single largest Power & Water facility in the Middle East.
Through this project , Kahramaa will cover the forecasted power and water requirement of the country. Mr. Fahad al-Mohannadi , Board member and General Manager of QEWC and Mr Essa Hilal Al Kuwari, President , Kahramaa emphasized the importance of the project to the State of Qatar in meeting the power & water demand especially in the year 2017 which will be the critical period for infrastructure development related to 2022 Football World Cup, and also assured its full compliance to the Year 2030 Vision as set by the wise Leadership of the State of Qatar.
Mr. Saad Sherieda Al Kaabi, Board Member , President and CEO of Qatar Petroleum stated that this type of project will be a boost to the economy of the State of Qatar as it supports all the future projects in Qatar. QP confirmed its commitment to the project with the supply of gas both in quantity and quality while ensuring the environment requirements.
On completion of the Project the installed capacity of power will be 11,000 MW and water 535 million gallon per day.
The total cost of the project is expected to 3.151 billion US dollar with 85% of the cost financed by local and international commercial banks and export credit agencies and the rest paid by the shareholders equity, QEWC’s equity share will be 252.6 million US Dollar (920.73 million Qatari riyal).
In accordance with this agreement the Umm al Houl Power co. will design, build and operate a Power and Water desalination plant ( 2520 MW Power & 135.6 MIGD/day water ). The product of this plant will be sold to Kahramaa through the power & water purchase agreement for a 25 year period.
The plant will be commissioned in stages during the period from 2017 to 2018. This Project will be the biggest in the State of Qatar and one of the single largest Power & Water facility in the Middle East.
Through this project , Kahramaa will cover the forecasted power and water requirement of the country. Mr. Fahad al-Mohannadi , Board member and General Manager of QEWC and Mr Essa Hilal Al Kuwari, President , Kahramaa emphasized the importance of the project to the State of Qatar in meeting the power & water demand especially in the year 2017 which will be the critical period for infrastructure development related to 2022 Football World Cup, and also assured its full compliance to the Year 2030 Vision as set by the wise Leadership of the State of Qatar.
Mr. Saad Sherieda Al Kaabi, Board Member , President and CEO of Qatar Petroleum stated that this type of project will be a boost to the economy of the State of Qatar as it supports all the future projects in Qatar. QP confirmed its commitment to the project with the supply of gas both in quantity and quality while ensuring the environment requirements.
On completion of the Project the installed capacity of power will be 11,000 MW and water 535 million gallon per day.
The total cost of the project is expected to 3.151 billion US dollar with 85% of the cost financed by local and international commercial banks and export credit agencies and the rest paid by the shareholders equity, QEWC’s equity share will be 252.6 million US Dollar (920.73 million Qatari riyal).
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