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 …
QEWC CAPEX Set to Jump to $2bn in 2016-2018, Moody’s
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 …
Qatar Power Capacity Tipped to Reach 13,000 MW by 2018
Qatar’s power capacity is expected to reach 13,000MW by 2018 and will cater to the country’s ever growing development needs, said Fahad al-Mohannadi, managing director and general manager of Qatar Electricity and Water Company. The existing capacity is around 8,800MW, al-Mohannadi, also the chairman of Umm Al Houl Power Company …
QEWC and HBKU’s QEERI Sign MoU to Support Water Security in Qatar
Qatar Electricity and Water Company (QWEC) and Qatar Environment and Energy Research Institute (QEERI) recently signed a Memorandum of Understanding (MoU) to develop science based programs and install pilot tests for the development of desalination facilities to be in line with water security initiatives in Qatar. One of the overall …
QEWC Discloses its Financial Results for First Quarter of 2016
Doha, April 19 (QNA) – Qatar Electricity and Water Company (QEWC) has announced its financial results for the first quarter of 2016, ended on 31 March, The company achieved a net profit ( excluding minority shares) amounted to QR 347 million compared to QR 346 million for the same period …