Qatar's $2bn power project to pick up next phase

 | August 22, 2016
undefinedThe next phase of Qatar's mega power transmission and distribution project is expected to start in the current quarter of this year.
 
As revealed by the latest GCC's power project sector report, the estimated $2bn project 'Qatar Power Transmission System Expansion-Phase 13' is scheduled to be completed by the fourth quarter of 2018, according to The Peninsula.
 
Qatar is facing a demand for utilities due to its increasing population has decided to revamp and expand its power sector costing $10 billion. The country's peak demand of electricity in 2015 was about 7,000 megawatt (MW) and is yet to witness the all-time peak demand of utilities in the run-up to the 2020 FIFA games preparations.
 
With the completion of ongoing projects, including the Umm Al Houl plant, the estimated installed capacity is expected to exceed about 11,000 MW of electricity and 490 MIGD of water by the end of 2018.
 
The GCC countries have collaborated in developing a joint Gulf power grid, to develop the region's electricity network and also help unify the six countries.
 
The grid has already led to saving $3bn in investments, along with saving $330m in operating costs and fuel.

As of February 2016 the total value of GCC power projects is estimated to be worth $247bn. Saudi Arabia registered the highest project value among the GCC countries worth $118bn followed by the UAE and Kuwait.
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