Ras Girtas Power Company is a joint stock corporation established to increase Qatar’s capacity of water and electricity. Located on the Ras Laffan coast, the plant puts out 2,730 megawatts of power and 63 MIGD of potable water, making it one of the largest facilities of its kind in the entire world. Ras Girtas’ output accounts for 30% of Qatar’s power capacity and 17.5% of the water capacity.
Ras Girtas draws upon Qatar’s vast natural gas resources, which are supplied by Qatar Petroleum, Power and Water are generated by employing state of the art gas turbines, steam turbines and boilers. A Power and Water Purchase Agreement (PWPA) has been signed with Kahramaa to supply its entire capacity to Kahramaa for the first 25 years of operation.
In March 2008, the EPC contract was awarded to Mitsui from Japan, with major subcontractors being Hyundai Engineering Co. from Korea, Mitsubishi from Japan and Sidem from France. The project was completed in a record time of three years.
Financing for the US$ 3.5 billion project was led by Qatar Petroleum. Funding was received from the Japan Bank for International Cooperation, a consortium of 20 senior commercial banks with QNB being the local bank, and local Islamic Finance from Qatar Islamic Bank.
Ras Girtas will be instrumental in building significant reserve capacity into Qatar’s power and water infrastructure, preparing the country for the future as well as providing a margin of additional capacity if required.