QEWC Net Profit Up 11% to QR 1.53 Billion

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Qatar Electricity & Water Company (QEWC) has made a net profit of QR1.53bn last year, up 11% on the previous year. The results were announced by the company following a meeting of the QEWC Board of Directors in Doha yesterday. HE the Minister of Energy and Industry, Dr Mohamed bin …

Nebras Power Signs Finance Pact for Solar Power Project in Jordan

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DOHA: Nebras Power, with its partners Diamond Generating Europe and Kawar Group, have signed a finance agreement for Shams Ma’an Solar Power Plant Project in Jordan. Nebras is a Qatari joint stock company in which Qatar Electricity and Water Company (QEWC) owns 60 percent, Qatar Holding LLC owns 20 percent …

QEWC Posts 11pc increase in Net Profit

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The Board of Directors of Qatar Electricity and Water Company (QEWC) approved yesterday the financial results for 9 months period ended September 30, 2014. The financial statements showed an increase of 2 percent in sales (QR2,250m as against QR2,211m for 2013), and a net profit of QR1,170m (net of non-controlling …

QEWC Reports Net Profit of QR716 Million in H1

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Qatar Electricity and Water Company on Tuesday said it had made a net profit of QR716 million in the first half of 2014. The company had posted a net profit QR637 million for the same period last year. The company’s earning per share (EPS) amounted to QR6.51 as of June …

QEWC to build new plant

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Qatar Electricity and Water Company (QEWC) will expand its production capacity by building a plant with an installed capacity of 2,400MW of power and 130m gallons of desalinated water per day. Fahad Al Muhannadi, General Manager, made the announcement during an interview with Al Sharq yesterday. The plant will be …

QEWC first-quarter net profit of QR299mn

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Qatar Electricity and Water Company (QEWC) has posted a first-quarter net profit of QR299mn, compared with QR201mn in the same period last year. The results were announced after a meeting of QEWC board of directors presided over by chairman HE Dr Mohamed bin Saleh al-Sada, the Minister of Energy and …

Qatar’s water security challenges highlighted

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DOHA: In the latest edition of its popular TECHtalks series, Qatar Science and Technology Park (QSTP) hosted Abdulsattar M Al Rasheed, CEO for RAF, Qatar Electricity and Water Company, to discuss water management and water security challenges facing Qatar and the Arabian Peninsula. He was joined at the two-hour talk …

QEWC Celebrates National Sport Day

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QEWC celebrated Qatar’s National Sports Day by organizing a wide range of sports and recreational activities on Tuesday, February 12th, 2014. The joint initiative by QEWC, Mesaieed Power Company (M Power), Qatar Power (Q Power), Ras Laffan Power Company (RLPC) and Ras Girtas Power Company (RGPC) gathered 600 employees and …

QEWC Announces QR 1,384 Million Profit in 2013

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Qatar Electricity and Water Company (QEWC) has announced a profit of QR 1,384 million for the financial year ended 31 December 2013. The Board of Directors chaired by HE Chairman of the Administrative Control and Transparency Authority and Chairman of the Company Abdullah bin Hamad Al Attiyah, approved the financial …