Nebras Power Q.S.C In partnership with Qatar Holding has signed on February 20, 2015 a memorandum of understanding with the Japanese companies: Mitsubishi Corporation, Marubeni and Chubu Electric Power and to study the possibility of developing Afsin Elbistan project in the Republic of Turkey.
The signing ceremony was held in Tokyo during the Qatari-Japanese Economic Forum, on the sidelines of a visit by His Highness Sheikh Tamim Bin Hamad Al Thani – Emir of Qatar – to Japan. Nebras Power was represented by Mr. Fahad bin Hamad Al Mohannadi – Chairman and Mr. / Khalid Mohammed Jolo, the company’s CEO.
The Qatari-Japanese consortium is targeting to evaluate a projects include the development, financing, construction, operation, maintenance lignite power plants. The consortium is seeking to offer the latest types of technology available in this area and at competitive prices to reach an agreement with the Turkish government to implement the project.
Brief About Afsin Elbistan Project
The project stands in Afsin Elbistan area, 600 kilometers southeast of the capital of Turkey – Ankara. The project comprise of developing the lignite mines located in the project area, where the extracted lignite will be used as fuel for power plants to generate electricity. The planned power capacity to be built is around 4,500 megawatts. The project will contribute to meet the needs of the Republic of Turkey of electricity, and will also have a positive impact on the development of the area where the project is located and the surrounding areas.
Nebras Power Q.S.C was founded in 2014 as a shareholding company in accordance with the laws of the State of Qatar, as a partnership between the Qatar Electricity and Water company (QSC) 60%, and Qatar Petroleum International Limited 20%, and Qatar Holding (WLL) 20%.
The authorized capital of the company is one billion US dollars, and the company invests globally in new and existing projects, or through the acquisition of projects related to power generation and water desalination and processing, as well as cooling and heating projects. Nebras Power is also investing in the LNG terminal and facilities for fuel loading and unloading related to power generation, water desalination projects.