In April of this year, the Company will conclude a power and water purchase agreement and an engineering, procurement and construction contract and will start Commercial operations will start from April 2011.
In Qatar, Mitsui has participated in energy related projects, such as Qatargas 1 and Qatargas 3 LNG projects and Laffan Refinery project. Under the rapid economic growth in the Middle East region, Mitsui positions infrastructure projects in this area as significant field and aims to develop new energy related infrastructure projects utilizing its experience.
Investors Qatar Petroluem: 15%
Qatar Electricity and Water Company: 45%
Business details Construction, maintenance, operation of a power generation and desalination plant and wholesale (BOOT method) of electricity and desalinated fresh water
Plant capacity Gas fired combined cycle power generation plant : 2,730 MW Seawater desalination plant : 63 MIGD
Project period 25 years from completion of plant construction (plant construction period: approx. 3 years)
Total project cost Approx. US$3.9 billion
Funding Equity participation and limited recourse project finance
Schedule April 2008 : Power and water purchase agreement, engineering, procurement and construction contract, etc. concluded
End of May 2008 : Finance close scheduled
April 2011 : Plant construction completed, commercial operations commence
Construction site Ras Laffan Industrial City, Northern Qatar