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
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 and HBKU’s QEERI Sign MoU to Support Water Security in Qatar
Qatar Electricity and Water Company (QWEC) and Qatar Environment and Energy Research Institute (QEERI) recently signed a Memorandum of Understanding (MoU) to develop science based programs and install pilot tests for the development of desalination facilities to be in line with water security initiatives in Qatar. One of the overall …
QEWC Discloses its Financial Results for First Quarter of 2016
Doha, April 19 (QNA) – Qatar Electricity and Water Company (QEWC) has announced its financial results for the first quarter of 2016, ended on 31 March, The company achieved a net profit ( excluding minority shares) amounted to QR 347 million compared to QR 346 million for the same period …
PM Lays Foundation Stone of Umm Al Houl Power Project
Prime Minister and Minister of Interior HE Sheikh Abdullah bin Nasser bin Khalifa al Thani on Thursday formally laid the foundation stone for the QR11 billion Umm Al Houl power project. Dubbed as one of the largest power and water projects in the region, it will have a production capacity …
QEWC’s AGM Gives Approval for QR. 825m Cash Dividend
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
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 …