Report: Qatar needs to invest $9bn in power sector
Qatar will need a huge investment in its power sector during 2016-20, states a report by Arab Petroleum Investments Corporation (Apicorp).
Qatar's power sector will require $9bn for generating capacity and transmission and distribution (T&D) the Apicorp report outlined.
"Our estimates suggest that Qatar will need to invest around $9bn to add 5.2GW (Giga watt) to meet rising demand in the medium term: $6bn in generation and $3bn in T&D."
Qatar has not built extra capacity over the past five years because it already has adequate capacity of 8.8GW.
However, the report said with increasing demand and peak load reaching a record 7.1GW in 2015, the country authorised two new projects that will add nearly 4.5GW in the medium term, Gulf Times reports.
The $3bn Umm Al Haul power and desalination project with a capacity of 2.5GW will be built by K1 Energy and owned by Qatar Electricity and Water Company, K1 Energy, Qatar Petroleum and the Qatar Foundation.
In addition, with the 2GW Ras Lafan D independent water and power project, the planned investments should keep the country on line with the demand on its capacity.
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