Qatar's QPI mulls wind farm plan in Djibouti

(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Qatar Petroleum International (QPI) said on Sunday it has signed an agreement to look into developing a wind farm in the Republic of Djibouti.

The memorandum of understanding with Electricity of Djibouti will jointly evaluate plans to develop a 60 MW plant, a statement said.

The agreement follows an official Qatari delegation visit to Djibouti earlier this year.

Nasser Al Jaidah, CEO of QPI, said: "This MoU is a further milestone in the implementation of QPI's strategy to develop actively its presence abroad and especially in Africa".

He said he also welcomed the opportunity to reinforce relationships between Qatar and the Republic of Djibouti.

Djama Ali Guelleh, general manager of Electricity of Djibouti, said that any potential deal would bring "added value to the development of the Republic of Djibouti's power resources".

QPI's multi-billion dollar portfolio of investments include partnerships and joint venture initiatives in Africa, North America, Singapore, the United Kingdom, Italy and Vietnam.

Related:
Topics
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Generation game: the struggle for power in the Gulf

Generation game: the struggle for power in the Gulf

The oil price decline has left a huge funding gap for the Gulf...

Rising sun: the Middle East's renewables revolution

Rising sun: the Middle East's renewables revolution

From one energy source to another, the Middle East is swiftly...

New Saudi energy minister shows he takes OPEC seriously

New Saudi energy minister shows he takes OPEC seriously

Khalid al-Falih turns up in Vienna, three days before the Organisation...

Most Discussed
sponsoredTracking