QatarEnergy announced awarding the Engineering, Procurement and Construction (EPC) contract for its industrial cities solar power project (IC Solar).
This project includes 2 large scale photovoltaic (or PV) solar power plants to be built in Mesaieed Industrial City (MIC) and Ras Laffan Industrial City (RLIC) and is expected to start electricity production by the end of 2024. The two mega-solar power plants to generate 875 MW of renewable electricity.
The announcement was made at a special ceremony held in Doha today to sign the EPC contract between QatarEnergy Renewable Solutions and Samsung C&T, which has been selected as the contractor to execute the project.
QatarEnergy Renewable Solutions is a wholly owned affiliate of QatarEnergy tasked with investing in renewable energy and sustainability projects and products within the State of Qatar and across the globe.
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, President and CEO of QatarEnergy witnessed the signing of the EPC contract. Attendees in the ceremony included Mr. Sechul Oh, President & CEO of Samsung C&T Corporation and other senior executives from QatarEnergy and Samsung C&T.
Commenting on the occasion, His Excellency Mr. Saad Sherida Al-Kaabi said: “This IC Solar project is a major step in the implementation of our strategy to diversify Qatar’s energy resources and to increase the reliance on high-efficiency renewable energy, which is a cornerstone for a sustainable future. It also reaffirms our commitment towards delivery on QatarEnergy’s Sustainability Strategy and our mid-term target of having 5 GW of solar generated power by 2035. It also gives me great pleasure that this landmark project marks the first investment for our newly formed, wholly owned subsidiary, QatarEnergy Renewable Solutions, which will invest in and hold all our renewables and other sustainable initiatives going forward.”
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