CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Nebras Power celebrates 5 years of achievements

Published: 08 Dec 2019 - 09:23 am | Last Updated: 03 Nov 2021 - 08:15 pm
H E Saad Sherida Al Kaabi (centre), Minister of State for Energy Affairs and the President and CEO of Qatar Petroleum, with Fahad bin Hamad Al Muhannadi (fifth left), Chairman of the Board of Directors of Nebras Power, and other officials during the event

H E Saad Sherida Al Kaabi (centre), Minister of State for Energy Affairs and the President and CEO of Qatar Petroleum, with Fahad bin Hamad Al Muhannadi (fifth left), Chairman of the Board of Directors of Nebras Power, and other officials during the event

The Peninsula

As a part of the celebration of Nebras Power on the occasion of the fifth anniversary of its incorporation, H E Saad  Sherida Al Kaabi, Minister of State for Energy Affairs and the President and CEO of Qatar Petroleum, met with Fahad bin Hamad Al Muhannadi, Chairman of the Board of Directors of Nebras Power, in the presence of Khaled Mohamed Jolo, CEO of Nebras Power, and the Nebras executive team.

During the meeting, the Minister praised Nebras Power’s five years of successful investing in power generation projects in international markets and reaffirmed his support for Nebras Power, which stems from the importance of supporting Qatari companies in helping them to achieve the highest levels of success and to increase their competitiveness in their industries. The Minister urged the executive management to continue to set benchmarks and to achieve the mission envisioned by its stakeholders and partners.

Fahad bin Hamad Al Mohannadi, Chairman of Nebras Power, said that he was pleased with Nebras Power’s achievements in its short history, during which it attained the objectives set by the board of directors and the goals of its founders.

Khaled Mohamed Jolo, CEO of Nebras Power, referred to the milestones reached by the company over the course of five years at various levels, including the financial level, where the company achieved a steady increase in profits and assets. He also highlighted the expansion of its investment portfolio, which has climbed precipitously to 14 assets in seven countries. Nebras Power has also witnessed significant accomplishments in its strategic partnerships with international developers and financial institutions that are operating in the power generation and water desalination sectors.