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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
Acquistion
Status
In-Process
Acquirer
Target
Announcement Date
09 Feb 2012
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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 I 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 |
Direct Investments and Related Entities  |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| 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 |
|
|
|
|
| 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 |
|
|
|
|
| Om Said Project |
Qatar |
- |
| Ras Abu Fontas A1 Station |
Qatar |
- |
| Ras Laffan II Project |
Qatar |
- |
| Ras Laffan III Project |
Qatar |
- |
|
Auditors
Banks
| Qatar National Bank |
HSBC Bank Middle East Limited Oman |
| Doha Bank |
|
Law Firms
| 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 |
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