Qatar Electricity and Water Company (QEWC) said on Wednesday that it is planning to build a new power and desalination plant with a production capacity of 2,600 megawatts (MW) of electricity and 100 million imperial gallons per day (MIGD) of water in 2027. 

“The company …plans to build another new plant in 2027, similar to the Ras Abu Fontas Power Plant in terms of production capacity and financial returns,” QEWC chairman Saad bin Sherida al-Kaabi told shareholders on Monday at the annual general assembly meeting, which approved the 2020 financial results. 

A QEWC statement quoted him as saying that the Ras Abu Fontas station is scheduled to be completed in the third quarter of 2024 at a cost of approximately $3 billion with an IRR (internal rate of return) of 7-8 percent. 

The project will be fully completed in June 2024 with a production capacity of 2,600 MW of electricity and 100 MIGD of water, the statement said. 

It said QEWC has signed a memorandum of understanding with the Ministry of Municipality and Environment to establish a specialised company to implement waste-to-energy projects with capacities ranging from 50 MW to 200 MW. 

Al-Kaabi said  in the statement that Al Houl expansion project, which will increase the plant’s water production capacity by 45 percent to 198 MIGD, is expected to be fully commissioned during the second quarter of 2021 while the 800 MW Siraj 1 solar PV project is expected to be completed by the first half of 2022. 

He said Al Houl will meet about 30 percent of the country’s electricity and 58 percent of its water requirements 

QEWC, through Nebras Power Company, has acquired major stakes in various energy projects outside Qatar, according to the statement. Notable ones include the Zen project in the Netherlands, the Oryx project in Jordan, the solar energy project in Brazil, the Stockyard Hill wind power project in Australia, the Carthage Power Company in Tunisia, and the Amin renewable energy project in Oman. 

(Reporting by Syed Ameen Kader; Editing by Anoop Menon) 

(anoop.menon@refinitiv.com

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