With the jump in hydrocarbon prices, the wheel of major projects is back in full swing DiameterThat should decide on bids for an electricity generation and water desalination project costing about $ 3 billion, which has been postponed more than once, according to Al Arabiya.net from two sources close to the issue.
The sources added that competition for the project is decreasing between a consortium led by the French company Engi and the Japanese company Marubeni, and that the offers are expected to be decided by mid-November.
The new project that Qatar intends to carry out aims to produce electricity from gas with a capacity of 2.5 gigawatts, as well as desalinating more than 100 million gallons of water per day.
The Qatari Water and Electricity Company, listed on the capital market, owns an approximately 60% stake in the project and is working on the localization of the new project with the expectation that it will replace one of the plants that will be out of service, according to the official website of the society.
On the planned financing of the project, the sources said that the financing will be part of the utilization of the debt, with the Japan Bank for International Cooperation (JBIC) which will assume the most important role in the whole process.
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