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Qatar Electricity, Qatar Solar Technologies Sign Power Agreement

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May 20 (Bloomberg) -- Qatar Electricity and Water Co. and Qatar Solar Technologies said they signed an agreement to study developing solar power in the Persian Gulf emirate, according to a news release the companies issued today.

Qatar Electricity plans to produce 10 percent of its electricity using solar energy by 2018, the company’s General Manager Fahad Hamad Al Mohannadi told a news conference in Doha today.

Link to Company News:{QEWS QD <Equity> CN <GO>}

To contact the reporter on this story: Amir Shabana in Dubai at ashabana@bloomberg.net

To contact the editor responsible for this story: Bruce Stanley at bstanley5@bloomberg.net

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