Reuters/19-01-2020

DOHA: Qatar has signed an agreement with France’s Total and Japan’s Marubeni to build a solar power project with capacity of about 800 megawatts (MW), Qatar’s energy minister said on Sunday. The cost of the project is about 1.7 billion riyals ($467 million), Saad al-Kaabi, who is also chief executive of Qatar Petroleum (QP), told a news conference in Doha. Qatar’s Siraj Energy, a joint venture owned by QP and Qatar Electricity and Water Company (QEWC), will hold a 60% stake in the solar plant. While, the remaining 40% of the stake would be own by both Marubeni and Total. CEO Kaabi said that Qatar, the world’s largest supplier of liquefied natural gas (LNG), plans more solar projects as the country aims to reduce carbon emissions and minimise its impact on the environment. In October Kaabi said that Qatar had commissioned a carbon capture and storage plant and aims to sequester 5 million tones of carbon from its LNG operations by 2025