Doha, April 18 (QNA) – HE Minister of Energy and Industry Dr. Mohammed bin Saleh Al Sada said the opening and operation of the Ras Abu Fontas (RAF) A3 station in the given time and within the expected budget confirms Qatar’s water and electricity companies’ role in contributing to achieving …
QEWC Reports Net Profit of QR350 Million for Q1 2017
Doha, April 17 (QNA) – Qatar Electricity and Water Company (QEWC) announced that the financial statements for the Quarter ended March 31, 2017 showed a net profit of QR350 million (net of non-controlling interests) compared to QR 347 million in 2016. The Earning per Share (EPS) amounted to QR 3.18 …
Expansion of RAF A3 to be completed soon
The ongoing expansion of Ras Abu Fontas A3 (RAF A3) Project on the southern side of Doha is expected to be completed this quarter, it was reported at the Annual General Meeting of the Qatar General Electricity and Water Company (QEWC) yesterday. With the completion of the expansion, the plant …
QEWC posts Net Profit of 1.54 billion
QEWC registers net profit of QR1.54bn. Qatar Electricity and Water Company (QEWC) has posted a net profit of QR1.54bn in 2016 compared to QR1.5bn in the year before.The company has seen a 4% increase in its sales to QR3.1bn last year compared to QR2.99bn in 2015. Earnings per share (EPS) …
QEWC, Kahramaa & Chubu renew partnership
Qatar Electricity and Water Company (QEWC), Qatar General Electricity and Water Corporation (Kahramaa), and Japanese Chubu Electric Power Company signed the 5th amendment of the memorandum of understanding (MoU) of ‘The Partnership Project’ among them. The MoU was inked in the presence of the Minister of Energy and Industry H …
QEWC Announces Financial Results for Year Ended 31 December 2016
Doha, February 01 (QNA) – The Board of Directors of Qatar Electricity and Water (QEWC) held its first meeting for the year 2017 this evening Wednesday, chaired by HE Dr. Mohamed Bin Saleh Al-Sada, Minister of Energy and Industry and Chairman of the QEWC’s Board of Directors. The Board discussed …
QEWC and Nebras in deal with Masdar to develop renewable energy projects
Abu Dhabi’s renewable energy company Masdar has signed a cooperation agreement with Qatar Electricity & Water Company (QEWC) and Nebras Power at Abu Dhabi Sustainability Week to develop renewable and sustainable energy projects. The agreement was signed by Fahd bin Hamad al-Mohannadi, QEWC general manager and managing director; Khalid Mohammed …
QEWC reports 8% increase in y-o-y net profit to QR1.23bn
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
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 …