Mitsubishi Power Wins Gas Turbine Order for Qatar’s Facility E IWPP

16 Jan 2026 CW Team

Mitsubishi Power has secured a significant contract to supply advanced gas turbine technology for Qatar’s Facility E Independent Water and Power Project (IWPP), strengthening the country’s power and water infrastructure. The order has been awarded in cooperation with Samsung C&T Engineering & Construction Group, the EPC contractor, by Ras Abu Fontas Power Company, in partnership with Qatar General Electricity and Water Corporation (KAHRAMAA).

Under the contract, Mitsubishi Power will supply state-of-the-art, hydrogen-ready M701JAC gas turbines for the Facility E project located in Ras Abu Fontas, around 25 km south of Doha. Once operational, the plant will add 2.4 GW of electricity—around 20 per cent of Qatar’s national grid capacity—and deliver 495,000 tonnes per day of desalinated water, supporting rising demand for power and water.

Facility E will mark the first installation of Mitsubishi Power’s JAC technology in Qatar. The turbines are designed for high efficiency, flexible operation, and future co-firing with hydrogen, supporting grid stability and Qatar’s decarbonisation roadmap under National Vision 2030.

In addition to equipment supply, Mitsubishi Power has signed a long-term service agreement covering parts, repairs, and maintenance to ensure high availability and reliable performance over the plant’s lifecycle. The Facility E IWPP is expected to begin operations in 2028, reinforcing Qatar’s long-term energy security and sustainability goals.

Real Estate

16 Jan 2026

Puravankara Expands Portfolio With Rs 139 Billion GDV in 9MFY26

Puravankara Limited reported a strong performance in the third quarter of FY26, underpinned by higher pre-sales, improved collections and a series of strategic acquisitions that lifted its growth outlook. During 9MFY26, the Bengaluru-based developer added projects with an estimated gross development value of around Rs 139 billion, strengthening its presence across key residential micro-markets in southern and western India. Pre-sales for Q3FY26 rose 17 per cent year-on-year to Rs 14.14 billion, while customer collections increased 22 per cent to Rs 11.40 billion. The average price realisation..

Oil Discoveries Boost Onshore Block 1 Prospects in Abu Dhabi

Indian Oil Corporation Limited (IOCL), together with Bharat PetroResources Limited, is jointly advancing oil exploration in Abu Dhabi’s Onshore Block 1 following encouraging discoveries in both unconventional and conventional reservoirs. The block is operated through Urja Bharat Pte Limited, a 50:50 special purpose vehicle established by the two Indian companies. UPBL was awarded the Onshore Block 1 concession in early 2019 under Abu Dhabi’s 2019 bid round. In early 2024, the company achieved its first oil discovery in the unconventional Shilaif play at the XN-76 exploratory well. After s..

Firstsource Acquires TeleMedik to Expand US Healthcare Capabilities

Firstsource Solutions Limited has acquired TeleMedik to strengthen its digital healthcare offerings and expand its presence across US payer and provider markets. The acquisition enhances Firstsource’s end-to-end clinical and utilisation management capabilities and deepens its footprint across payer-provider networks. TeleMedik brings advanced clinical platforms and complementary technologies that support health plans seeking more personalised and outcome-focused care. The acquisition also strengthens Firstsource’s integrated and differentiated business process as a service offering for he..