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.
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.”