Doha – Qatar Electricity and Water Company (QEWC) aims to generate 40 percent of its profit from foreign investment arm Nebras Power, the company’s top official has said. “We have a business plan for the next 10 years to diversify our sources of income. Nebras Power has a big role to …
Amir inaugurates Umm Al Houl Power Plant
QNA Doha: Amir H H Sheikh Tamim bin Hamad Al Thani attended the inauguration of Umm Al Houl Power Plant, during a ceremony held by Qatar Electricity and Water Company in Umm Al Houl today. The Amir placed the magnetic piece in the logo of the power plant to officially …
QNBFS maintains accumulate rating on QEWC, terms it a long-term play
Doha – QNB Financial Services (QNBFS) has said in its latest report that it maintains accumulate rating on Qatar Electricity and Water Company (QEWC) with a price target QR209. “We continue to like QEWC as a long-term play with a defensive business model. QEWC enjoys a solid long-term growth profile …
QR11bn Umm Al-Houl Power project to be inaugurated soon
By Lani Rose R Dizon I The Peninsula Amir H H Sheikh Tamim bin Hamad Al Thani will soon inaugurate the QR11bn Umm Al-Houl Power project, which is one of the largest desalination and power generation plants in the region, Minister of Energy Affairs and Chairman of Qatar Electricity and …
Siraj Solar Energy project to produce 700MW in 2021
QNA/Doha The “Siraj Solar Energy” project is expected to produce about 700 MW of electricity in the fourth quarter of 2021, HE the Minister of State for Energy Affairs and Chairman of Qatar Electricity and Water Company Saad bin Sherida al-Kaabi has said. Addressing the Extraordinary and Ordinary General Assembly …
Nebras Power expands its presence in Jordan’s Power Sector
Tribune News Network Doha – Nebras Power (Nebras) and its subsidiary Nebras Power Investment Management (NPIM) have entered into a sale and purchase agreement (SPA) to acquire AES Corporation’s (AES) stake in three Jordanian power projects together with Mitsui, the Qatari firm announced in a statement on Sunday. Nebras currently …
Kahramaa, QEWC, Chubu renew partnership deal
Tribune News Network Doha – Qatar General Electricity and Water Corporation (Kahramaa), Qatar Electricity and Water Company (QEWC) and Japanese Chubu Electric Power Company recently signed the 6th renewal of the memorandum of understanding (MoU) of ‘The Partnership Project’ in the presence of Minister of State for Energy Affairs HE …
QEWC, Qeeri team up to face country’s water security challenge
Qatar Electricity and Water Company (QEWC), and Qatar Environment and Energy Research Institute (Qeeri), part of Hamad Bin Khalifa University (HBKU), have signed a 20-year research collaboration agreement to address the country’s water security grand challenge as mentioned in the Qatar National Vision 2030 mandate. The agreement, signed by QEWC …
QEWC posts net profit of QR1.53 bn in 2018
QNA Doha – Qatar Electricity and Water Company (QEWC) reported a net profit of QR1.53 billion for 2018, compared to QR1.61 billion in 2017, the company announced in a statement on Sunday. QEWC said sales during the year 2018 reached QR2.60 billion, against QR3.07 billion for 2017. The earning per share …