Nebras Power, a joint venture of Qatar Electricity and Water Company (60%) and Qatar Holding (40%), has entered into an agreement with Korea Electric Power Corporation (Kepco).
Under this agreement, Nebras Power and Kepco will jointly identify and invest in projects that utilise different fuels, including renewable energy.
The memorandum of understanding (MoU) between Nebras Power, the leading Qatar-based power investment company, and Kepco, the largest state-owned utility provider in Korea, is a pioneering agreement that strengthens the strategic co-operation between two international companies in the field of energy investments.
“At Nebras Power we are always endeavouring to strengthen our relationships with prominent international organisations through seminal projects and initiatives. This MoU with Kepco illustrates our promise to broaden our portfolio of investments worldwide,” according to Fahad bin Hamad al-Mohannadi, Nebras Power, chairman.
Nebras Power is currently focused on building its investment portfolio in a progressive and balanced manner as part of its commitment to the 2030 National Vision.
Further to this mandate, it will continue to hike its generation capacity from electricity and water while taking into account the importance of diversity in fuels.
“This agreement is representative of Nebras Power’s prominent role in the energy sector and its ambition to secure robust investments globally by creating new partnerships and studying investment opportunities with trusted international partners,” said Khalid Mohamed Jolo, chief executive of Nebras Power.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Vodafone Qatar is ‘investing heavily’ in expanding 5G network: Chairman
QFC offering ‘privileged access’ to foreign firms, ambassadors told
Qatar growth driven by advanced judicial legislation: Qicca
Global safety rush puts US yields within sight of its all-time low
Islamic finance growth in Africa: Still a mixed picture
Seoul bears brunt as most Asian bourses plunge
China pushes factories to start even as virus death toll mounts
South Korean firms prepare for worst after Samsung virus case
‘Adani Group considers bidding for Air India’