QEWC reports 8% increase in y-o-y net profit to QR1.23bn

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QEWC’s net profit translates into an earnings-per-share of QR11.21 on sales of QR2.33bn in the first nine months of this year. Qatar Electricity and Water Company has reported an 8% increase in its year-on-year net profit to QR1.23bn, translating into earnings-per-share of QR11.21 on sales of QR2.33bn in the first …

QEWC arm Nebras Power opens solar power project in Jordan

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Nebras Power, a subsidiary of Qatar Electricity and Water Company (QEWC) with a paid up capital of $1bn, yesterday said its consortium has operationalised the Shams Ma’an solar power project in Jordan, ahead of schedule.The project, which started commercial operation in September 2016, will sell electricity to National Electric Power …

QEWC CAPEX Set to Jump to $2bn in 2016-2018, Moody’s

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Qatar Electricity and Water Company’s (QEWC) capital expenditure (capex) is slated to increase substantially to QR7.6bn ($2bn) in 2016-18 against a total QR1.6bn spend during 2012-14, according to Moody’s, a global credit rating agency. “QEWC’s capex has increased to QR1.03bn in 2015 from QR0.76bn in 2014 due to the completion …