Moody’s upgrades ratings of QP, IQ and QEWC

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Global credit rating agency Moody’s has upgraded the outlook on the ‘Aa3’ long-term issuer rating of Qatar Petroleum (QP), the ‘A1’ long-term issuer rating of QP subsidiary Industries Qatar (IQ) and the ‘A1’ long-term issuer rating of Qatar Electricity and Water Company (QEWC) to “stable” from “negative”. Concurrently, it has …

QEWC, Japan’s Marubeni sign pact

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QNA/Doha Qatar Electricity and Water Company (QEWC) signed an agreement with Japanese company Marubeni to facilitate visits by Qatari engineers, employees and joint venture companies to Marubeni plants and projects in various locations in Japan, the Philippines and Oman. Qatari engineers will be briefed on Marubeni’s practices in management, operation, …

Qatar University, QEWC to establish quality unit for seawater treatment

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QNA/Doha Qatar University and Qatar Electricity and Water Company (QEWC) have signed a co-operation agreement to establish a quality calibration unit for the treatment and desalination of seawater under the umbrella of the university’s Centre for Advanced Materials (CAM). Qatar University President Dr Hassan bin Rashid al-Derham signed the agreement …

99 Percent of Umm Al Houl Power Plant complete

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Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani made an inspection visit to Umm Al Houl Power Plant of Qatar Electricity and Water Company (QEWC). DOHA: Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani made an …

QEWC to operate Umm Al Houl project from July

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The QR11bn Umm Al Houl Power Project is expected to be operational from July 2018, Qatar Electricity and Water Company (QEWC) has said. QEWC chairman HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada, who presided over the company’s annual general meeting yesterday at the Sheraton Grand …

QEWC announces 5pc increase in net profit

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Doha: The financial statements of Qatar Electricity and Water Company (QEWC) for year 2017 have witnessed an increase of 5% in net profit. Net Profit for the year 2017 is QR1,616m (net of non-controlling interests) against QR1,542m in 2016. The Earning per Share (EPS) amounted to QR 14.69 in 2017 …

QEWC projects in progress at ‘accelerated pace’

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GENERAL Manager and Managing Director of Qatar Electricity and Water Company (QEWC) Fahad Hamad al Mohannadi said that the company is working on completing its local projects at an accelerated pace and in accordance with the specified timetables. About 93 percent of the Umm Al Houl power plant, which is …

QEWC reports over QR1.31bn net profit for nine months

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The Qatar Electricity and Water Company (QEWC) has reported a net profit of over QR1.31bn (net of non-controlling interests) for the first nine months of this year ended September 30 , up 6 percent compared to about QR1.23bn for the corresponding period last year. The Earning per Share (EPS) amounted …

Nebras to develop 800 MW power project in Indonesia

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Strengthening its presence in Southeast Asian market, Qatar’s Nebras Power has signed an agreement with Indonesia’s Perusahaan Listrik Negara (PLN) and PT Pembangkitan Jawa-Bali (PJB), to develop 800 MW power plant on Sumatra island, a press statement said on Monday. According to the heads of agreement (HOA), signed recently in …