QEWC announces H1 results
The Peninsula – DOHA: The Board of Directors of Qatar Electricity and Water Company (QEWC)approved yesterday the financial results for the period half year ended June 30, 2019 and the financial position as at that date which were reviewed by the external auditors of the company M/S Ernst & Young. …
QEWC’s blood donation drive evokes amazing response
Tribune News Network – Doha – QATAR Electricity and Water Company (QEWC), in cooperation with Hamad Medical Corporation (HMC), organised a blood donation drive in Ras Abu Fontas Power and Desalination Plant recently, under the motto “Saving One Life Is As If Saving Whole of Humanity…” – Quran 5:32”. The drive evoked …
QEWC posts QR309 mn net profit in 2019 Q1
Tribune News network – Doha – Qatar Electricity and Water Company (QEWC) has reported a net profit of QR309 million for the first quarter ending March 31. The earning per share (EPS) amounted to QR2.81, the company said in a statement on Monday. The Q1 2019 showed sales of QR539 million. …
Amir inaugurates Umm Al Houl Power Plant
QNA Doha: Amir H H Sheikh Tamim bin Hamad Al Thani attended the inauguration of Umm Al Houl Power Plant, during a ceremony held by Qatar Electricity and Water Company in Umm Al Houl today. The Amir placed the magnetic piece in the logo of the power plant to officially …
Nebras Power expands its presence in Jordan’s Power Sector
Tribune News Network Doha – Nebras Power (Nebras) and its subsidiary Nebras Power Investment Management (NPIM) have entered into a sale and purchase agreement (SPA) to acquire AES Corporation’s (AES) stake in three Jordanian power projects together with Mitsui, the Qatari firm announced in a statement on Sunday. Nebras currently …
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 …
QEWC Sales Increased 3% in 2015
DOHA: Qatar Electricity and Water Company yesterday announced 3 percent rise in sales at QR2,983m for the year ended December 31, 2015 compared to QR2,898m for 2014. The Board of Directors of the company held its first meeting for the year 2016 yesterday at the Torch Doha Hotel which was …
Nebras Power Acquires QEWC Stake in Oman Power Firm
Doha-headquartered Nebras Power has entered into an agreement to acquire Qatar Electricity and Water Company’s (QEWC) stake in Oman-based Phoenix Power Company amounting to 9.75% and Phoenix Operating and Maintenance Company amounting to 15%. The acquisition is expected to be completed in January 2016. Phoenix Power Company owns the Sur …