Samsung C&T Wins 4 Tln-won Power Plant Project from Qatar

This image provided by Samsung C&T on Nov. 26, 2024, shows a map highlighting the location of the company’s envisioned power plant construction project in Qatar. (Image courtesy of Yonhap)

SEOUL, Nov. 26 (Korea Bizwire) — Samsung C&T Corp. said Tuesday it has won a power plant construction project worth approximately 4 trillion won (US$2.85 billion) from Qatar’s state power company.

Under a consortium with Japan’s Sumimoto Corp., Samsung C&T will build a power plant complex that will also include a desalination facility in the Ras Abu Fontas region near Doha for the Qatar General Electricity and Water Corp.

Upon its planned completion in 2029, the facilities will supply approximately 16 percent of Qatar’s total electricity and 17 percent of the country’s desalinated water.

“Given that this is a national infrastructure project for Qatar, our prior project experience and the strong trust we have built played a significant role in securing this contract, Lee Byung-soo, head of Samsung C&T’s energy solution division, said.

(Yonhap)