Doha, Qatar– QatarEnergy has said it will buy Qatar Electricity and Water Company’s 49 percent share in their joint venture Siraj Energy, which will make Siraj Energy a wholly- owned affiliate of QatarEnergy.
Siraj Energy was established in 2017 to finance, build, operate, and maintain solar power facilities, and sell electricity generated from solar power, within Qatar.
Siraj Energy has a 60 percent interest in Siraj (1) which owns and will operate Al-Kharsaa Solar Photovoltaic (PV) Independent Power Project, Qatar’s first and largest PV project with total installed capacity of 800 MW.
This transaction follows the awarding in August 2022 of Engineering, Procurement and Construction contracts for QatarEnergy’s industrial cities solar power project, IC Solar, which consists of two large-scale PV solar power plants to be built in Mesaieed Industrial City and Ras Laffan Industrial City with capacities of 417 MW and 458 MW, respectively.
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said, “This acquisition brings the total solar power capacity within QatarEnergy’s direct control to 1,675 megawatts (MW) and brings all utility scale solar power generation projects in Qatar under QatarEnergy’s direct control.”