JPMorgan CEO Jamie Dimon Warns Mythos AI Raises Cyber Risk Tenfold 
Broadcom, Oracle and SpaceX Seek Billions in Private Debt for AI Expansion 
Asian Currencies Steady as Dollar Holds Near 18-Month High 
RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
Florida Seeks Tougher Meta Rules to Protect Young Users 
Bitmine to Stop Ethereum Buying After Reaching 5% ETH Supply 
Litecoin Marks 15 Years as Grayscale Backs LTC ETF Push 
Trump Opens Tax-Exempt Dyed Diesel Access as Fuel Prices Surge 
Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
UK House Prices Flat in September as Mortgage Rates Weigh 
France to Release 10 Million Barrels of Diesel to Ease Fuel Prices 
Micron Shares Rise 4% Despite Taiwan Strike Risk 
Mike Rogers Calls for End to US-Canada Tariff War 
Wall Street Falls as Fed Minutes Signal Another Rate Hike 
Marvell Stock Surges on $90 Billion AI Revenue Outlook 
SpaceX Seeks $40 Billion for Nvidia AI Chips 
San Francisco Halts New Data Center Construction With 45-Day Moratorium 
Add as a preferred source on Google
Samsung C&T Corp. will be building a solar power plant in Qatar under a $595.2 million or about KRW800 billion deal. The South Korean construction and engineering company is expected to complete the construction by November 2024.
According to The Korea Economic Daily, once the solar power facility is finished, it is will have a total capacity of 875 megawatts. The project will help the country diversify its energy resources, and Samsung C&T will also be able to expand its future environmentally-friendly businesses.
It was on Wednesday this week when the construction arm of the Samsung Group revealed it had signed a deal for engineering, procurement and construction (EPC) works with Qatar Energy, a state-run company that was formerly called Qatar Petroleum. They will be working for the country’s industrial cities’ solar power project (IC Solar).
The project also includes the launch of two photovoltaic solar power plants that will offer a total capacity of 875 MW. Samsung C&T is set to construct one facility that will be capable of generating 417 megawatts of power in Mesaieed Industrial City which is located around 40 kilometers in the southern part of Doha. The other plant will have a capacity of 458 megawatts, and this will rise in Ras Laffan Industrial City which is located 80 kilometers north of the capital.
“This IC Solar project is a major step in the implementation of our strategy to diversify Qatar’s energy resources and to increase the reliance on high-efficiency renewable energy, which is a cornerstone for a sustainable future,” Qatar Energy president and chief executive officer, Saad Sherida Al-Kaabi, said in a statement. The company chief is also the country’s Minister of State for Energy.
In any case, an official of Samsung C&T also commented about the solar power project saying, “We are strengthening portfolios in the eco-friendly future businesses including renewable energy generation, green hydrogen and ammonia, as well as small module reactors (SMRs). He added that starting with its solar power deal in Qatar, the company will apply the results to its new businesses.
