Power, water sector open to private investors

Qatar will float tenders for its proposed 200MW solar energy project by the end of this year. The first phase of the project is scheduled to be launched early next year, Qatar General Electricity and Water Corporation (Kahramaa) President Essa bin Hilal Al Kuwari said yesterday.

Talking on the sidelines of the 4th Qatar Alternative Energy Investors Summit here yesterday Al Kuwari said  Kahramaa is planning to launch a pilot project which targets to generate 10MW power from solar energy. The pilot project would be launched early 2014, he told reporters.

Kahramaa announced the launch of a 220MW solar energy power project at Doha COP18/CMP8.

The initial phase of the project was originally expected to be tendered in the first quarter of 2013. The second phase was expected to be completed over the next eight years.

Earlier, formally opening the two-day summit, Al Kuwari said there exists a huge financing gap in terms of realising the global alternative energy dream. In order to close this gap, the mobilsiation of private investment and finance are crucial.

“Qatar electricity and water production market is open for private investors and will be very open for alternative energy investors… Kahramaa’s goal is to make alternative energies competitive and profitable; therefore Kahramaa is interested in the deployment of renewable energy, energy efficient and low-pollution technologies,” he said.

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