Qatar Electricity and Water Company (QEWC) has reached commercial operation of its Umm al Houl combined cycle gas turbine (CCGT) plant. The plant has the capacity to generate 2.5GW of electricity, some of which will be used to power an integrated 620,000 m3/d desalination plant. At a cost of $3bn, the facility is now Qatar’s second largest power plant.
The project has been largely financed by Japanese backers. The Japan Bank for International Cooperation (JBIC) provided a loan of $1.27bn, while $2.54bn was co-financed by Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Trust and Banking Corporation, Sumitomo Mitsui Trust Bank, Limited, the Norinchukin Bank, Qatar National Bank, as well as Germany’s KfW IPEX-Bank. (CONTINUED - 544 WORDS)