Nebras Power reached successful financial close in respect of a USD 2.75 billion debt financing through its affiliate minejesa capital B.V.

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On August 10, 2017, Minejesa Capital B.V. (35.5% indirectly owned by Nebras Power Q.P.S.C.) achieved successful financial close in respect of a US$2.75 billion, multi sourced non-recourse debt financing. The financing package consists of a US$800 million 20-year amortising bond, US$1.2 billion 13-year amortising bond and a 6-year US$750 million …

PM launches Ras Abu Fontas A3 Desalination Station

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In a major milestone for Qatar’s water security, Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani launched the expansion of Ras Abu Fontas (RAF) A3 Water Desalination Station yesterday. The project, with a total cost of about QR1.75bn, has the capacity of generating …

QEWC Reports Net Profit of QR350 Million for Q1 2017

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Doha, April 17 (QNA) – Qatar Electricity and Water Company (QEWC) announced that the financial statements for the Quarter ended March 31, 2017 showed a net profit of QR350 million (net of non-controlling interests) compared to QR 347 million in 2016. The Earning per Share (EPS) amounted to QR 3.18 …

Expansion of RAF A3 to be completed soon

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The ongoing expansion of Ras Abu Fontas A3 (RAF A3) Project on the southern side of Doha is expected to be completed this quarter, it was reported at the Annual General Meeting of the Qatar General Electricity and Water Company (QEWC) yesterday. With the completion of the expansion, the plant …

QEWC posts Net Profit of 1.54 billion

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QEWC registers net profit of QR1.54bn. Qatar Electricity and Water Company (QEWC) has posted a net profit of QR1.54bn in 2016 compared to QR1.5bn in the year before.The company has seen a 4% increase in its sales to QR3.1bn last year compared to QR2.99bn in 2015. Earnings per share (EPS) …

QEWC, Kahramaa & Chubu renew partnership

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Qatar Electricity and Water Company (QEWC), Qatar General Electricity and Water Corporation (Kahramaa), and Japanese Chubu Electric Power Company signed the 5th amendment of the memorandum of understanding (MoU) of ‘The Partnership Project’ among them. The MoU was inked in the presence of the Minister of Energy and Industry H …