Qatar targets overseas power projects

Qatar Electricity & Water Company (QEWC) will continue its policy of pursuing roles on power and water projects outside of its home market.

Speaking at MEED’s Arabian Power & Water Summit in Abu Dhabi on 6 March, Abdulsattar al-Rasheed, chief executive officer of QEWC’s Ras Abu Fontas power plant, said that the company agreed that it was necessary to look to opportunities abroad.

Qatar currently has a very healthy reserve margin between power demand and supply. As a result, Qatar General Electricity & Water Corporation (Kahramaa) has announced conservative power generation building plans.

“We have a stake in a power plant in Jordan and also one in Oman, where we have a 15 per cent stake in the Sur independent power project. Now we are competing with Siemens in Dubai for the Hassyan power plant,” says Abdulsattar al-Rasheed.

Investments will take the form of acquisitions and organic growth. “We want to see political stability. We don’t want to take any [unnecessary] risks outside the country,” says Abdulsattar al-Rasheed.

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