Woori Bank to arrange $3.7 bn for Qatar desalination, power plant

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Woori Bank to arrange $3.7 bn for Qatar desalination, power plant - Korea Economic Daily

Quick Summary:

South Korea's Woori Bank said on Tuesday it will arrange the Qatar Ras Abu Fontas desalination and power plant project, estimated to cost $3.7 billion.

The project involves the construction of a 2.4GW gas-fired combined-cycle power plant and a desalination facility with a daily capacity of 500,000 tons near Doha, Qatar.

Last month, KAHRAMAA selected a consortium led by the Korea Overseas Infrastructure & Urban Development Corporation (KIND), Korea Southern Power Co., and Sumitomo Corp.as the preferred bidder through an international competitive tender.