Nebras Energy
QQSE:QEWS12.33
QAR
-0.05
(-0.40%)
Nebras Energy
QSE:QEWS
(Qatar Stock Exchange)
Recent
price
12.33
P/E
ratio
- -
div
yld
4.10%
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Qatar Electricity & Water Company Q.P.S.C. Qatar Electricity & Water Company Q.P.S.C. (QEWS.QA) is a Qatar-based public shareholding company established in 1990 and headquartered in Doha that invests in, develops, owns, and operates electricity generation and water desalination plants; it ranks among the largest companies in the Middle East and North Africa region in these fields and serves as the main supplier of electricity and desalinated water in the State of Qatar with market shares of 55% in electricity and 73% in water. The company directly owns and operates key facilities including Ras Abu Fontas plants A, A1, A2, B, B1, and B2 with combined capacities of approximately 2,049.5 MW of electricity and 199 MIGD of water, as well as the Dukhan Desalination Plant at 2 MIGD; it also holds significant stakes in domestic joint ventures such as 80% in Ras Laffan Power Company (756 MW electricity, 40 MIGD water), 55% in Qatar Power Company (1,025 MW electricity, 60 MIGD water), 40% in Mesaieed Power Company (2,007 MW electricity), 45% in Ras Girtas Power Company (2,730 MW electricity, 63 MIGD water), and 60% in Umm Al Houl Power Company (2,520 MW electricity, 198 MIGD water), yielding total group production capacity of 10,590 MW of electricity and 543 MIGD of water. Through its wholly-owned foreign investment arm Nebras Power, previously 60%-owned and now fully controlled following the 2022 acquisition of the remaining 40% stake from Qatar Holding for $530 million via subsidiary Ras Laffan Operating Company, the company diversifies into global markets across Asia, Latin America, Australia, and beyond with a portfolio emphasizing natural gas, renewables, and energy technology projects. Recent developments include the completion of the Umm Al Houl Power Plant expansion and the inauguration of the 800 MW Al Kharsaah Solar Power Plant in October 2022 through a stake in Siraj Energy (sold in late 2022); in November 2024, the company signed a 25-year Power and Water Purchase Agreement with Kahramaa for the Facility E Independent Water and Power Production project in Ras Abu Fontas with 2,409 MW electricity and 110 MIGD water capacity, in which QEWC holds a 55% stake alongside partners including Sumitomo Corporation, Shikoku Electric, Korea Southern Power, and Qatar Energy; the company also recently announced and completed a reorganization merger with Nebras Power. Operations remain centered in Qatar with long-term Power and Water Purchase Agreements ensuring revenue stability from off-taker Kahramaa and fuel supply contracts with QatarEnergy, while international expansion via Nebras supports growth amid rising domestic demand driven by economic and population increases; total assets stand at approximately QR 28 billion, with recent nine-month net profits reaching QR 1,027 million as of Q3 2025.