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atar Electricity and Water Company (QEWC),a Qatari open shareholding organization, is one of the principal private division organizations in the area that works in the field of power age and water desalination.
Built up in 1990 as per the arrangements of the Qatari Commercial Companies Law, its motivation was to possess, oversee, and offer the results of power age and water desalination plants.
Upon its establishment, the organization’s capital was one billion Qatari Riyals partitioned into one hundred million offers at the estimation of 10 QR per share. On 25 February 2014, the remarkable general get together chose to convey ten million extra offers among the investors by giving one offer for each ten offers. In like manner, the organization capital offer ended up one billion and one hundred million Qatari Riyals that were completely paid partitioned into one hundred and ten million offers. The Qatari government and its associates possess roughly 52% of the capital and whatever remains of the investors, organizations and people, claim around 48%. The eleven-part top managerial staff led by H.E. Dr. Mohammed receptacle Saleh Al-Sada, Minister of Energy and Industry, run the organization.
QEWC is the second biggest organization in the field of intensity age and water desalination in the Middle East and North Africa (MENA) locale. It is the principle provider for power and desalinated water in Qatar with a piece of the pie of 62% of power and 79% of water. The organization creates power of 5.432 Megawatt and produces 258 million gallons of water for each day. In the course of the most recent decade, the organization saw wonderful development in arrangement with the fast improvement of the Qatari economy and the expansion of populace, which in its turn expanded the interest on power and water. QEWC incomes expanded at an exacerbated yearly development rate of roughly 10.3%.
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