QATAR SHOWS IN­TER­EST IN UK POWER PLANT

Qatar is in talks with Cen­trica over in­vest­ing in UK power plants, un­der plans to ex­pand its part­ner­ship with the Bri­tish Gas owner, ac­cord­ing to a UK-based daily.

Qatar Today - - BUSINESS > OIL & GAS -

HE Mo­hammed bin Saleh Al Sada, the en­ergy min­is­ter, and Sam Laid­law, Cen­trica Chief Ex­ec­u­tive, both de­clined to com­ment on ru­mours that Qatar was try­ing to build a ma­jor stake in Cen­trica or con­sid­er­ing a takeover bid, said the daily. Cen­trica signed a co­op­er­a­tion agree­ment with Qatar Pe­tro­leum In­ter­na­tional in 2011, which has so far fo­cused on projects in North Amer­ica. Last year it also signed a £4.4bil­lion (QR27.3 bil­lion) liq­ue­fied nat­u­ral gas sup­ply deal with Qatar­gas.

HE Al Sada said: “We in­vested to­gether in Canada and we are still dis­cussing other po­ten­tial in­vest­ments, be it here in the UK and out­side. We are cap­i­tal­is­ing on the suc­cess and pos­i­tive com­mon­al­i­ties be­tween the two and we were just talk­ing about a few ar­eas of fu­ture co­op­er­a­tion.”

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