Q. Power Q.S.C. (the Company) is a joint stock company established on 5th Jan. '05 pursuant to Article 68 of the Commercial Companies Law No. (5) of the Year 2002.
The shareholders are:
Qatar Electricity & Water Company Q.S.C. 55%
GDF SUEZ Energy International. 40%
Chubu Electric Power from
The Board of Directors comprises of six Directors chaired by His Excellency Abdullah Bin Hamad Al Attiyah, the Deputy Prime Minister and Minister of Energy & Industry.
The object of the company is to provide water and electricity to the State of Qatar in a safe, environmentally clean, efficient and reliable manner.
This is an approximately US $ 1,000,000,000 facility, financed by reputed international, regional and local banks.
The engineering, procurement and construction contract was awarded by the
The project started commercial production of power in May 2006 and water in September 2006. As scheduled, we achieved full capacity in June 2008. As per the Power and Water Purchase Agreement (PWPA), the Company exports power and water to KAHRAMAA for a period of 25 years, with a possible extension by a further five years.