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Qatar Awards Mitsubishi $260 Million Water Plant Contract

Jan. 7 (Bloomberg) -- (Corrects story first published yesterday to say project value is $500 million) Qatar Electricity and Water Co agrees with govt utility Qatar General Electricity and Water Corp., or Kahramaa, to build $500m water desalination plant. * Mitsubishi Corp. wins contract to build plant * Qatar National Bank to finance 50% of project * Qatar Islamic, Barwa Bank, Al Rayan to finance remainder * 36m gal/day plant to be finished by June 2015. * QEWC GM Fahad al Mohannadi speaks in interview.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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