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- TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%
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07/03/2025 03:43 AST
Qatar General Electricity & Water Corporation (Kahramaa) and Qatar Electricity and Water Company (QEWC) have signed a power purchase agreement for peak electricity generation units in Ras Abu Fontas Plant.
The Power Purchase project, which has previously been awarded to QEWC, represents a strategic step towards enhancing the stability and reliability of the national electricity grid, as well as supporting efforts to expand the use of solar energy within the country's energy mix.
The total contractual capacity for the units is 511 megawatts, with a total cost of QR1.6 billion. The project is scheduled to start at Ras Abu Fontas in January 2027.
On the agreement, Minister Saad Sherida Al Kaabi, said: "This agreement is a milestone in Qatar's quest for energy security and sustainability, and a reflection of our commitment to meeting the growing demand for energy in with the highest standards of efficiency and environmental responsibility."
"This initiative is a testament to the strong cooperation between the public and private sectors, who are working together to develop the efficiency of the national electricity grid and to increase its capacity to accommodate renewable energy sources, ensuring a sustainable electricity supply to various vital sectors," he added.
Trade Arabia
26/10/2017
The Qatar Electricity and Water Company (QEWC) has reported a net profit of over QR1.31bn (net of non-controlling interests) for the first nine months of this year ended September 30 , up 6 percent c
The Peninsula
02/02/2017
The Qatar Electricity and Water Company (QEWC) reported a net profit of QR1.54bn for the year ended December 2016 compared to QR1.50bn posted a year ago.
The year 2016 witnessed an increase
The Peninsula
18/01/2017
Abu Dhabi's renewable energy company Masdar has signed a cooperation agreement with Qatar Electricity & Water Company (QEWC) and Nebras Power at Abu Dhabi Sustainability Week to develop renewable and
Gulf Times
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16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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