January 19, 2020 / 10:24 AM / a month ago

Qatar to build solar power plant with Total and Marubeni

DOHA, Jan 19 (Reuters) - Qatar has signed an agreement with France’s Total and Japan’s Marubeni to build a solar power project with capacity of about 800 megawatts (MW), Qatar’s energy minister said on Sunday.

The cost of the project is about 1.7 billion riyals ($467 million), Saad al-Kaabi, who is also chief executive of Qatar Petroleum (QP), told a news conference in Doha.

Qatar’s Siraj Energy, a joint venture owned by QP and Qatar Electricity and Water Company (QEWC), will hold a 60% stake in the solar plant. The remaining 40% will be owned by both Marubeni and Total. ($1 = 3.6400 Qatar riyals) (Reporting by Dahlia Nehme Writing by Rania El Gamal Editing by David Goodman )

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