QEWC CAPEX Set to Jump to $2bn in 2016-2018, Moody’s

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Qatar Electricity and Water Company’s (QEWC) capital expenditure (capex) is slated to increase substantially to QR7.6bn ($2bn) in 2016-18 against a total QR1.6bn spend during 2012-14, according to Moody’s, a global credit rating agency. “QEWC’s capex has increased to QR1.03bn in 2015 from QR0.76bn in 2014 due to the completion …

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 …

QEWC’s AGM Gives Approval for QR. 825m Cash Dividend

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DOHA: Qatar Electricity and Water Company (QEWC) yesterday held its Annual General Assembly (AGM) and approved the Board of Directors’ recommendation to distribute a cash dividend of QR825m (about $226.55m) to its shareholders for the last financial year ended December 31, 2015. The board had decided to offer a recommendation …

Joint Venture to Generate Electricity from Solar Power

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Qatar Petroleum (QP) and Qatar Electricity and Water Company (QEWC) are establishing a joint venture for the generation of electricity from solar power. The joint venture, which will have 40% stake by QP and the remaining 60% by QEWC, is aimed at diversifying the sources of energy production and increasing …