Qatar studying $1 billion solar energy project

DOHA, QATAR - Qatar is in "serious" talks with investors to build a $1 billion solar power project, an Arabic-language daily reported recently, citing an executive.

"Qatari and foreign entities are in serious talks... and a final agreement that will set the project's road map is expected to be arrived at soon," Shadi Abu Daher, regional manager of the World Trade Center in Doha, told Qatar's Al Arab newspaper.

He said negotiations began late last year.

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TEHRAN - Iran and Iraq have finalized two deals to rehabilitate and develop the power grid of Iraq, IRNA cited the Iranian Energy Minister Reza Ardakanian.

Ardakanian met his Iraqi counterpart Majid Mahdi Hantoush in Tehran on Tuesday evening on the sidelines of Prime Minister Mustafa al-Kadhimi’s trip to the Islamic Republic on his first foreign visit.

“It was decided that the contracts related to reducing losses on the electricity distribution network in the provinces of Karbala and Najaf, as well as the contract for repairing Iraq’s distribution transformers would be finalized and signed,” the Iranian minister said.

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