QEWC, Nebras Power Sign Cooperation Agreement with UAE’s Masdar

Doha, Qatar Electricity and Water Company (QEWC) and Nebras Power have signed a cooperation agreement with Masdar, Abu Dhabi’s renewable energy company, at Abu Dhabi Sustainability Week to develop renewable and sustainable energy projects.

The agreement aims to strengthen mutual cooperation between QEWC, Nebras and Masdar in the development of commercially viable renewable energy projects in the Qatar, UAE and international markets. It will also promote collaboration on research and development, education and raising awareness of the importance of sustainable development.

The agreement was signed by QWEC General Manager and Managing Director Fahd bin Hamad Al Mohannadi, Nebras Power CEO Khalid Mohammed Jolo and Masdar CEO Mohamed Jameel Al Ramahi in the presence of UAE Minister of State and Chairman of Masdar Dr. Sultan Ahmed Al Jaber.

“This agreement will make an important contribution to the evolution of Qatar Electricity and Water Company, which seeks to be a leader in the field of power generation and water desalination in the Middle East. It also supports sustainable development and energy diversification in the State of Qatar, which has set a solar power target of 1.8GW by 2020,” Al Mohannadi said.

“Since its inception, QEWC has worked to meet Qatar’s energy and water needs through the development of efficient electricity and desalination projects that utilize modern technologies in collaboration with key partners,” he added. “These activities support the community and contribute to the development of Qatar’s industrial and commercial sectors.”

In turn, Al Ramahi said the agreement provides a “valuable opportunity” for regional partners who “share common goals” to collaborate and exchange knowledge. “This will lead to closer ties, investment and value creation, and ultimately support the wider deployment of renewable energy.” For his part, Jolo expressed hope that the agreement will help Nebras Power in its bid to invest in regional and international utilities markets. “It will enable all three parties to exchange knowledge and experience and help them to expand their activities in renewable energy and sustainability.” “Through such partnerships, Nebras aims to consolidate its global position in the energy sector, especially in renewable energy, which is one of the most growth important areas for Nebras in line with the national vision of the State of Qatar. We support the vision of Qatar’s leadership to compete globally and to excel in sustainable development, research and long-term investment,” Jolo added.

QEWC is one of the largest electricity and water desalination companies in the Middle East and North Africa. It has a production capacity of 11,098 MW for electricity and 535.5 MIGD for desalinated water.

Nebras Power is mandated is to invest in international power generation, water desalination, water treatment, cooling and heating projects. The company also invests in liquid natural gas (LNG) projects and power plant-related fuel loading and unloading facilities.

Masdar is at the forefront of the development, commercialization and deployment of clean technologies as a link between today’s fossil fuel economy and the energy economy of the future.

Source: Qatar News Agency