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عربي

Qatar Electricity and Water Company

   (QEWS.DSM)
Also known as: KAHRABA, QEWC
Last Trade
143.50QAR
+ 1.77%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Updated: May 11, 2011
 
 
 
Country

Qatar

Ownership Type
Company Type
Joint Stock
 
 
 
 
Principal Activities
Ownership and operation of power generation and water desalination plants.
 
Date of Establishment Year
1990 (March)
 
No of Employees
N/A Company, 1,600 Group (As of May 09, 2011) view history hide history
Date No of Emp    (group)  Yearly Growth
09-May-2011
1,600
+6%
09-May-2009
1,500
 
 
Important/Recent Developments
Operations started in 1991
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Qatar SE  QEWS QEWS.DSM Ordinary QAR
 
 
Contact Details
Address:
Qatar Industrial Manufacturing Company Building
Al Ahad Street
West Bay
P.O. Box 22046
Doha 
Qatar
 
Tel:
+974 4485-8585
 
Fax:
+974 4483-1116
 
Email:
welcome@qewc.com
 
Website:
www.qewc.com

 
 
 M&A Details
 
Acquistion
 
Status
In-Process
 
Acquirer
 
Target
 
Announcement Date
09 Feb 2012
 
 
 Business Overview
The Qatar Electricity and Water Company (QEWC) manages the country's power generation and water desalination. QEWC owns and operates electricity generation plants with a total installed capacity of 2,187 megawatts and a total desalination capacity of 217 million gallons per day, as of December 2007.

Following the completion of the first Independent Water and Power Project (IWPP), Ras Laffan IRas Laffan ILoading... project in 2004, QEWC won the bid to own the QAR3.27 billion (USD900 million) Ras Laffan II project. The bid gave QEWC a 55% stake in Ras Laffan II, with 40% equity to two foreign firms. When completed at the end of 2008, Ras Laffan II will have the capacity to produce 1,025 megawatts of power and 60 million gallons of desalinated water.

The publicly listed company announced in March 2008 that it is developing a water desalination plant, the Ras Abu Fontas A1. When completed in mid-2009, the plant will have a production capacity of 45 million gallons per day.

QEWC also announced in March 2008 that it will set up the Ras Qurtas Power Company to develop the Ras Laffan (J) project, at a cost of QAR13.8 billion (USD3.8 billion). Ras Laffan (J) will have a power capacity of 2730 megawatts and will produce around 63 million gallons of water a day, when completed in 2010.
 
 
Zawya Industry Benchmarks  Yr 2009  Yr 2010  Change (%)
Installed Capacity (MW) 2,187  9,050  313.81 
Water Production Capacity (MGPD) 217  320  47.47 
Number of Plants Under Control 11  11  0.00 
 
 
 Major Shareholders  Section Updated: 24Nov11
Name   Type  Country  Holding 
Government of Qatar  Government Qatar 42.70% 
Qatar Petroleum  Government Qatar 10.70% 
Qatar National Bank  Corporate Qatar 5.97% 
Qatar Insurance Company  Corporate Qatar 1.20% 
Public   - 39.43% 
 
 
 Foreign Ownership Limits
 
Owned Permitted
25%
GCC Nationals
 
25%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Ras Laffan Operating Company Qatar 100.00%
Ras Laffan Power Company Qatar 80.00%
Qatar Power Qatar 55.00%
Ras Girtas Power Company Qatar 45.00%
Mesaieed Power Company [ M Power] Qatar 40.00%
Divisions
Name  Country  Holding 
Al Saliyah Satellite Station Qatar -
Al Wajba Satellite Station Qatar -
Doha South Super Qatar -
Dukhan Desalination Plant Qatar -
Ras Abu Aboud Station Qatar -
Ras Abu Fontas A Station Qatar -
Ras Abu Fontas B Station Qatar -
Ras Abu Fontas B1 Station Qatar -
Ras Abu Fontas B2 Station Qatar -
Developments and Projects
Name  Country  Holding 
Om Said Project Qatar -
Ras Abu Fontas A1 Station Qatar -
Ras Laffan II Project Qatar -
Ras Laffan III Project Qatar -
 
 
 Representatives
Auditors
Ernst and Young Qatar  
Banks
Qatar National Bank HSBC Bank Middle East Limited Oman
Doha Bank  
Law Firms
Al Kabi Law Firm  
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  QAR'000 QAR'000 change (%)
Total revenues  2,650,868 3,430,234 29.40
Net profit  921,685 1,162,833 26.16
Total assets 18,048,002 22,123,414 22.58
Paid-up capital 1,000,000 1,000,000 0.00
Shareholders' Equity 3,589,690 3,762,794 4.82
Shares outstanding 100,000 100,000 0.00
Market capitalization 10,010,000 12,760,000 27.47
» View Full Financials