Nebras
Power Subsidiary of Electricity & Water
Establishes Its International Business Hub
in Netherlands
December 19, 2016
Nebras Power
subsidiary of Qatar Electricity and Water
company has established its international
business hub in the Netherlands in the form
of a wholly owned subsidiary,Nebras Power
Netherlands BV (''Nebras Netherlands'').
Nebras Netherlands has been incorporated
with the purpose to invest in the global
power and utilities market space.
Nebras is an international power developer established in 2014 with an
initial capital of QAR 3.65 billion and with
a mandate to invest in the conventional and
renewable energy, water and utilities
sectors globally, outside of the State of
Qatar.
The Nebras investment portfolio will comprise a number of power generating
assets across the Middle East, North Africa
and South East Asia by the end of 2016.
Nebras Netherlands provides a platform
through which Nebras aims to realize its
international business development and
financing strategy in order to grow its
global footprint.
Nebras’
growth strategy is underpinned by its full
commitment to its people, the environment
and society, with the objective of achieving
greater balance between social and economic
development, whilst minimizing its impact on
the environment.
Mr. Fahad Al-Mohannadi, Chairman of the Board,
stated ''Nebras
operates very closely with its shareholders
and enjoys their full support as well as the
support of the Board of Directors. Nebras
aims at building an investment portfolio of
more than 5 GW net by the next five years
and plays a key role under the State of
Qatar’s diversification strategy.''
Mr. Khalid Jolo, Chief Executive Officer,
commented ''The
rapid growth of Nebras’s investment
portfolio since inception evidences the
Company’s ability to deliver against its
strategy and business plan. We are very
pleased with the progress achieved so far
and expect it to continue.''
Mr. Faisal Al Siddiqi, Director of Business Development
added ''''It is my pleasure to witness the
setup of Nebras Power Netherlands which
reflects Nebras Power’s dedication to
realize the shareholders ambitions of
expanding globally on a balanced and planned
manner for achieving its strategic
objectives''''.