QEWC, Kahramaa & Chubu renew partnership

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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 reports 8% increase in y-o-y net profit to QR1.23bn

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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

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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

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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 …