Qatar is also in the race of acquiring
solar energy and therefore, has signed an agreement with French energy giant
Total and Japan's Marubeni to build a solar power plant capable of generating
800 megawatts, a tenth of country's peak energy demand, according to the
country's energy minister.
The Al Kharsaah plant has an
estimated cost of 1.7 billion riyals ($467m) and is expected to be complete by the
year 2022 in an anticipation of the grand event FIFA World Cup.
Energy Minister Saad al-Kaabi
told a news briefing on Sunday, said:
"Today is the commencement
of the project itself and we expected by the first quarter of 2021 to have half
of the [plant's] capacity up and running."
It is assumed that the solar
power plant will have the capacity to generate about eight times the size of
the solar energy Qatar had pledged to build, helping the organisation of a
carbon-neutral event," al-Kaabi continued, referring to the 2022
tournament.
Other companies such as Qatar's
Siraj Energy, a joint venture owned by Qatar Petroleum (QP) and Qatar
Electricity and Water Company (QEWC), hold a 60 percent stake in the solar
plant. The remaining 40 percent will be owned by both Marubeni and Total. Marubeni
will take 51 percent of the minority stake, while Total will have 49 percent.
Patrick Pouyanne, Total's chief
executive, said the solar plant, once complete, will be the largest ever built
by the French conglomerate. In the past, Gulf States, have heavily dependent on
oil and gas, but now they are investing billions of dollars in clean energy
projects, mainly in solar and nuclear.
But critics say many such
projects are slow to get off the drawing board.
On the other hand, the United Arab Emirates (UAE) said last week its first
nuclear power plant would start operating within months after repeated delays to meet
safety and regulatory conditions. It is pertinent to mention here that UAE will
have the first operational nuclear reactor in the Arab world.
Saudi Arabia, the world's top
crude oil exporter, has said it plans to build up to 16 nuclear reactors, but
the projects have yet to be materialised.
Critics say the addiction to
oil is hard to kick, particularly when supplies remain abundant and the high costs
of investment in infrastructure needed to switch to renewable.
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