Japan to offer USD330M for Qatar mega solar power plant


(MENAFN) Local media confirmed on Thursday, August 13, Japan will offer economic help to aid construct one of the world"s main solar power plants in Qatar.

The state-backed Japan Bank for International Cooperation (JBIC) and Mizuho Bank will prolong a USD330 million syndicated credit for the 800-megawatt scheme in Al Kharsaah, a village in western Qatar, according to Kyodo News.

JBIC stated in a report "This loan is expected to contribute to further strengthening of the multilayered economic ties between Japan and Qatar".

A group of Japanese firm Marubeni Corporation, French oil giant Total, and a Qatari energy company will keep and accomplish the solar power plant, which is scheduled to be serviceable by April 2022.

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