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26 March 2008 - Suez Energy International, in a consortium with Mitsui, has been declared preferred bidder for an independent power and water project in the industrial city of Ras Laffan on Qatar's northeast coast.

The consortium has a 40 per cent stake in the project, with the remainder split between state-owned Qatar Petroleum and Qatar Electricity and Water Corp (QEWC).

Ras Laffan C will be the largest power and water plant in the country, providing 2730 MW of electricity and more than 286,000 m3 desalinated water per day. The total Investment Cost is expected to be over $3.7bn.

The electricity and water will be sold through a 25 year Power and Water Purchase Agreement with Kahramaa. Total revenues of the project company over 27 years will be $22.7bn.

Ras Laffan C should be operational by April 2011 with an early power and water phase by May 2010.

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