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Qatar to invest $5bn on raised power capacity

07 March 2012

Abdulsattar al-Rasheed, chief executive of Qatar Electricity and Water Co has said the country plans to invest more than $5bn by the end of 2013 to boost its power and potable water production capacity, Reuters has reported. "Qatar will spend $2.4bn this year and $2.8bn in 2013 to increase power and water capacity," he said. The gas-exporting country already has 30% more power generation capacity than it needs, allowing it to sell some to neighbours like Kuwait and Bahrain, with new projects offering the potential for more exports in a few years, said al-Rasheed.

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