QEWC posts net profit of QR1.53 bn in 2018

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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 …

Ras Girtas Power Co wins 2 awards in UK

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Pictured: Abdul Majeed al-Reyahi (right) receiving the RoSPA Electricity Industry Sector Award at a ceremony in the UK. Gulf Times – Ras Girtas Power Company (RGPC) has won the first place in two major award categories at the RoSPA (Royal Society for the Prevention of Accidents) Health and Safety Awards, the …

Nebras Power acquires 75% of Dutch solar power leader Zen

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Nebras Power Investment Management, a Dutch affiliate of Nebras, is acquiring 75% stake in Zon Exploitatie Nederland Holding (Zen), a leading developer and operator of solar power generation assets in Netherlands. Gulf-Times : The acquisition provides Nebras with access to the attractive and fast-growing Netherlands renewable power market and is …

QEWC net profit at QR813m for H1,2018

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The Peninsula – DOHA: The Qatar Electricity and Water Company (QEWC) has reported a net profit of QR813m for the period of six months ended June 30, 2018, compared to QR811m reported a year ago. The company’s Earning per Share (EPS) stood at QR7.39 compared to QR7.37 for the same …

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 …