Qatar Petroleum International says in talks to develop 60 MW clean energy project
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.