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 …

Qatar Power Capacity Tipped to Reach 13,000 MW by 2018

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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’s AGM Gives Approval for QR. 825m Cash Dividend

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DOHA: Qatar Electricity and Water Company (QEWC) yesterday held its Annual General Assembly (AGM) and approved the Board of Directors’ recommendation to distribute a cash dividend of QR825m (about $226.55m) to its shareholders for the last financial year ended December 31, 2015. The board had decided to offer a recommendation …

QEWC Sales Increased 3% in 2015

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DOHA: Qatar Electricity and Water Company yesterday announced 3 percent rise in sales at QR2,983m for the year ended December 31, 2015 compared to QR2,898m for 2014. The Board of Directors of the company held its first meeting for the year 2016 yesterday at the Torch Doha Hotel which was …

Nebras Power Acquires QEWC Stake in Oman Power Firm

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Doha-headquartered Nebras Power has entered into an agreement to acquire Qatar Electricity and Water Company’s (QEWC) stake in Oman-based Phoenix Power Company amounting to 9.75% and Phoenix Operating and Maintenance Company amounting to 15%. The acquisition is expected to be completed in January 2016. Phoenix Power Company owns the Sur …

Joint Venture to Generate Electricity from Solar Power

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Qatar Petroleum (QP) and Qatar Electricity and Water Company (QEWC) are establishing a joint venture for the generation of electricity from solar power. The joint venture, which will have 40% stake by QP and the remaining 60% by QEWC, is aimed at diversifying the sources of energy production and increasing …