Business

Thursday, February 26, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Business

Gulf Times

Nebras Energy plans acquisition of ENGIE’s entire stake in Qatar Power and Ras Girtas Power

Nebras Energy has concluded its negotiations with French multinational electric utility company ENGIE for the acquisition of the latter's entire stake in Qatar Power and Ras Girtas Power.The proposed acquisition is through its wholly owned subsidiary Ras Laffan Operating Company (ROC), Nebras Energy said in its regulatory filing with the Qatar Stock Exchange.The negotiations resulted in the parties agreeing to enter a sale and purchase agreement between ROC and International Power (Ras Laffan B) Limited (IPL), a wholly owned subsidiary of ENGIE, pursuant to which IPL has agreed to sell, and ROC has agreed to purchase, 40% of the entire issued share capital of Qatar Power.The negotiations also saw a sale and purchase agreement between ROC and Kahrabel FZE (Kahrabel), a wholly owned subsidiary of ENGIE, pursuant to which Kahrabel has agreed to sell, and ROC has agreed to purchase 50% of the entire issued share capital of RLC Power Holding Company Limited, representing (40%) of the share capital of Ras Girtas Power Company.Upon completion, Nebras Energy will increase its ownership in Qatar Power from 55% to 95%; and from 45% to 65% in Ras Girtas Power."This remains subject to the satisfaction of customary conditions precedent and relevant laws, including obtaining all necessary approvals from the relevant regulatory authorities," said the communique.