HLG and Doha Bank sign finance deal for Qatar’s reservoirs

reservoir-Unsplash pixabayHLG will be responsible for the construction, testing and commissioning of the five reservoirs, as well as pumping stations, pipework, mechanical, electrical, civil, structural, architectural and external work. (Image source: Unsplash/Pixabay)Qatar’s Doha Bank has signed a finance deal with Leighton Contracting Qatar, division of UAE-based Habtoor Leighton Group, for the construction of Qatar General Electricity & Water Corporation’s (Kahramaa) water security mega reservoirs project, Rawdat Rashed, valued at US$604mn

The mega reservoirs, with a capacity of 100mn gallons each, are the largest reinforced concrete reservoirs in the world.

The HLG managing director José A. López-Monís said that the award validated the high value placed by the client on the capabilities and proven performance of the group, which was awarded this project for Kahramaa last March.

“We are pleased at the opportunity to participate in a project that will form the bedrock upon which Qatar’s water security initiatives will be built,” R. Seetharaman, Group CEO of Doha Bank, added.

Launched in response to the huge increase in water demand due to the continuous growth and development in Qatar, the project aims to provide seven days of strategic water storage within Kahramaa’s network system, covering the new mega reservoirs and the existing and future secondary reservoirs.

The first phase of the project will provide seven days of water storage for the expected water demand in 2026, with five mega reservoir sites, while the second phase will provide the seven days of water storage for expected demand in 2036 by adding more reservoirs within the five mega reservoirs sites.

 

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