Al-Hajri, Muyama and al-Reyahi among other executives during the signing of the 15-year long service agreement worth QR630mn between Ras Girtas Power Company and Mitsubishi Hitachi Power Systems here. Ras Girtas Power Company (RGPC) has signed a 15-year long service agreement with Mitsubishi Hitachi Power Systems worth QR630mn. Gulf Times …
Nebras Power acquires 75% of Dutch solar power leader Zen
Nebras Power Investment Management, a Dutch affiliate of Nebras, is acquiring 75% stake in Zon Exploitatie Nederland Holding (Zen), a leading developer and operator of solar power generation assets in Netherlands. Gulf-Times : The acquisition provides Nebras with access to the attractive and fast-growing Netherlands renewable power market and is …
QEWC net profit at QR813m for H1,2018
The Peninsula – DOHA: The Qatar Electricity and Water Company (QEWC) has reported a net profit of QR813m for the period of six months ended June 30, 2018, compared to QR811m reported a year ago. The company’s Earning per Share (EPS) stood at QR7.39 compared to QR7.37 for the same …
Moody’s upgrades ratings of QP, IQ and QEWC
Global credit rating agency Moody’s has upgraded the outlook on the ‘Aa3’ long-term issuer rating of Qatar Petroleum (QP), the ‘A1’ long-term issuer rating of QP subsidiary Industries Qatar (IQ) and the ‘A1’ long-term issuer rating of Qatar Electricity and Water Company (QEWC) to “stable” from “negative”. Concurrently, it has …
QEWC, Japan’s Marubeni sign pact
QNA/Doha Qatar Electricity and Water Company (QEWC) signed an agreement with Japanese company Marubeni to facilitate visits by Qatari engineers, employees and joint venture companies to Marubeni plants and projects in various locations in Japan, the Philippines and Oman. Qatari engineers will be briefed on Marubeni’s practices in management, operation, …
Qatar University, QEWC to establish quality unit for seawater treatment
QNA/Doha Qatar University and Qatar Electricity and Water Company (QEWC) have signed a co-operation agreement to establish a quality calibration unit for the treatment and desalination of seawater under the umbrella of the university’s Centre for Advanced Materials (CAM). Qatar University President Dr Hassan bin Rashid al-Derham signed the agreement …
99 Percent of Umm Al Houl Power Plant complete
Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani made an inspection visit to Umm Al Houl Power Plant of Qatar Electricity and Water Company (QEWC). DOHA: Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani made an …
QEWC to operate Umm Al Houl project from July
The QR11bn Umm Al Houl Power Project is expected to be operational from July 2018, Qatar Electricity and Water Company (QEWC) has said. QEWC chairman HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada, who presided over the company’s annual general meeting yesterday at the Sheraton Grand …
QEWC announces 5pc increase in net profit
Doha: The financial statements of Qatar Electricity and Water Company (QEWC) for year 2017 have witnessed an increase of 5% in net profit. Net Profit for the year 2017 is QR1,616m (net of non-controlling interests) against QR1,542m in 2016. The Earning per Share (EPS) amounted to QR 14.69 in 2017 …