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 …

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 …

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 reports 8% increase in y-o-y net profit to QR1.23bn

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QEWC’s net profit translates into an earnings-per-share of QR11.21 on sales of QR2.33bn in the first nine months of this year. Qatar Electricity and Water Company has reported an 8% increase in its year-on-year net profit to QR1.23bn, translating into earnings-per-share of QR11.21 on sales of QR2.33bn in the first …

QEWC arm Nebras Power opens solar power project in Jordan

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Nebras Power, a subsidiary of Qatar Electricity and Water Company (QEWC) with a paid up capital of $1bn, yesterday said its consortium has operationalised the Shams Ma’an solar power project in Jordan, ahead of schedule.The project, which started commercial operation in September 2016, will sell electricity to National Electric Power …

Qatar Power Capacity Tipped to Reach 13,000 MW by 2018

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Qatar’s power capacity is expected to reach 13,000MW by 2018 and will cater to the country’s ever growing development needs, said Fahad al-Mohannadi, managing director and general manager of Qatar Electricity and Water Company. The existing capacity is around 8,800MW, al-Mohannadi, also the chairman of Umm Al Houl Power Company …