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 …
QEWC projects in progress at ‘accelerated pace’
GENERAL Manager and Managing Director of Qatar Electricity and Water Company (QEWC) Fahad Hamad al Mohannadi said that the company is working on completing its local projects at an accelerated pace and in accordance with the specified timetables. About 93 percent of the Umm Al Houl power plant, which is …
QEWC reports over QR1.31bn net profit for nine months
The Qatar Electricity and Water Company (QEWC) has reported a net profit of over QR1.31bn (net of non-controlling interests) for the first nine months of this year ended September 30 , up 6 percent compared to about QR1.23bn for the corresponding period last year. The Earning per Share (EPS) amounted …
Nebras to develop 800 MW power project in Indonesia
Strengthening its presence in Southeast Asian market, Qatar’s Nebras Power has signed an agreement with Indonesia’s Perusahaan Listrik Negara (PLN) and PT Pembangkitan Jawa-Bali (PJB), to develop 800 MW power plant on Sumatra island, a press statement said on Monday. According to the heads of agreement (HOA), signed recently in …
QEWC decides to disclose the 3rd Quarter Financial Statements on October 25th
Qatar Electricity & Water Company announces its intentto disclose the 3rd quarter financial statements for the period ending September30, 2017, on Wednesday, 25.10.2017.
QEWC and Q-Post Sign MoU
Qatar Electricity and Water Company signs deal with Q-Post to boost materials supply QEWC’s recently announced Facility E project, also known as Ras Rakan, will provide 2,000 to 2,500 MW of electricity and 100 million gallons of water at a cost of $3 billion, which is nearly the same as …
Nebras Power reached successful financial close in respect of a USD 2.75 billion debt financing through its affiliate minejesa capital B.V.
On August 10, 2017, Minejesa Capital B.V. (35.5% indirectly owned by Nebras Power Q.P.S.C.) achieved successful financial close in respect of a US$2.75 billion, multi sourced non-recourse debt financing. The financing package consists of a US$800 million 20-year amortising bond, US$1.2 billion 13-year amortising bond and a 6-year US$750 million …
Qatar University, QEWC Collaborate in the Field of Water Treatment
Doha, April 17 (QNA) – Qatar University (QU) and Qatar Electricity and Water Company (QEWC) signed a research memorandum of understanding (MoU) in the field of water treatment and related technologies.The signing ceremony was attended by HE Minister of Energy and Industry Dr. Mohammed bin Saleh Al Sada and QU …
PM launches Ras Abu Fontas A3 Desalination Station
In a major milestone for Qatar’s water security, Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani launched the expansion of Ras Abu Fontas (RAF) A3 Water Desalination Station yesterday. The project, with a total cost of about QR1.75bn, has the capacity of generating …