QEWC Seeks Solar Opportunities

qewc News

atar Electricity & Water Company (QEWC) is preparing to beef up its interest in solar power projects in Qatar and the wider region. The board has approved a partnership with Qatar Petroleum to build solar power plants in Qatar, it said in its end of year earnings statement without going …

QEWC Honors Ex-Chairman Al Attiyah

qewc News

The Administrative Control and Transparency Authority Chairman and former chairman of QEWC board of directors H E Abdullah bin Hamad Al Attiyah (fourth right) and the Minister of Energy and Industry and current QEWC Chairman H E Dr Mohammed bin Saleh Al Sada (third right) with other officials at the …

QEWC Net Profit Up 11% to QR 1.53 Billion

qewc News

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

qewc News

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 …