Facility E IWPP (Ras Abu Fontas)

Facility E IWPP (Ras Abu Fontas) - a Independent Water & Power Project in Qatar. Capacity 2.4 GW. Winning consortium: Sumitomo + Shikoku + KOSPO + KIND + QEWC + QE. Status: Awarded Nov 2024.

Country

Qatar

Procurer

Kahramaa

City / region

Ras Abu Fontas (~25km S of Doha)

Capacity

2.4 GW

Status

Awarded Nov 2024

Power tariff

Not publicly disclosed

Winning consortium

Sumitomo + Shikoku + KOSPO + KIND + QEWC + QE - equity: QEWC 55% / QE 5% / Sumitomo 17% / Shikoku 11% / KOSPO 6% / KIND 6%

Procurement timeline

• RFP: 2023
• Bid submission: 2024
• Preferred bidder: 2024
• Commercial close: Nov 2024
• Financial close: 2025-26 expected
• PCOD: Staged 2027-29

Prequalified bidders

3 PQ

• Sumitomo/Shikoku/KOSPO/KIND
• Marubeni/Kyushu (withdrew)
• ENGIE/Mitsui/Shikoku (withdrew)

Financing

• Capex: ~USD 3.7 bn
• Tenor: Long-tenor PF expected

Technical scope

Process: CCGT + SWRO

23% Qatar power + 20% water once operational

Notes

USD ~3.7 bn capex.

EPC contractor: TBD (likely MHI)

Sources

• Sumitomo
• Zawya

Open the full IWPP / IPP benchmark →

Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.