1990 CE
QEWC Established
Qatar Electricity and Water Company (QEWC) is founded as a Qatari shareholding company with initial capital of QAR 200 million. #energy #water
Chronological Storyline (34 Milestones)
1992 CE
Ras Abu Fontas Plant Commences Operation
QEWC's first power and desalination plant, Ras Abu Fontas, begins operations with a capacity of 600 MW electricity and 40 MIGD water. #energy #water
1995 CE
Expansion of Ras Abu Fontas
QEWC expands Ras Abu Fontas plant, increasing electricity capacity to 750 MW and water to 60 MIGD. #energy #water
Nov 1, 1997 CE
Public Listing on Qatar Stock Exchange
QEWC lists its shares on the Qatar Stock Exchange (QSE), becoming one of the first companies to go public in Qatar. #finance #IPO
1998 CE
Launch of Shuwaibah Plant
QEWC commissions the Shuwaibah power and desalination plant, adding 400 MW and 20 MIGD. #expansion #energy
2000 CE
First Dividend Distribution
QEWC declares its first dividend for shareholders, marking a key financial milestone. #finance #dividend
2001 CE
Ras Abu Fontas B Phase Completed
The expansion of Ras Abu Fontas (Phase B) is completed, boosting capacity to 900 MW and 80 MIGD. #energy #water
2003 CE
Establishment of Qatar Power Company (WKA) Joint Venture
QEWC partners with international firms to form Qatar Power Company, developing a new independent water and power plant (IWPP). #partnership #energy
2004 CE
Ras Laffan C Plant Development
QEWC begins development of Ras Laffan C IWPP, with capacity of 1,000 MW and 60 MIGD. #expansion #water
2006 CE
Ras Laffan C Plant Commissioned
The Ras Laffan C plant starts commercial operations, significantly increasing QEWC's generation capacity. #energy #water
2007 CE
QEWC Wins Best Utility Company Award
QEWC receives the 'Best Utility Company' award at the Middle East Electricity Awards for its operational excellence. #award #energy
2008 CE
Launch of QR 1 Billion Bond
QEWC issues a QR 1 billion bond to finance its expansion projects, a major financial milestone. #finance #bond
2009 CE
Mesaieed Power Plant Acquisition
QEWC acquires a 55% stake in the Mesaieed power plant from Qatar Petroleum, expanding its asset base. #acquisition #energy
2010 CE
Ras Abu Fontas A2 Plant Decommissioned
The old Ras Abu Fontas A2 plant is retired after 18 years of service, replaced by more efficient units. #decommissioning #energy
2011 CE
Umm Al Houl Power Company IWPP Partnership
QEWC enters a joint venture with Engie and other partners to develop the Umm Al Houl IWPP, a mega facility. #partnership #energy
2012 CE
QEWC Profit Exceeds QR 1 Billion
QEWC reports net profit of over QR 1 billion for the first time, driven by strong operational performance. #finance #profit
2013 CE
Ras Laffan D Plant Feasibility Study
QEWC announces a feasibility study for a new Ras Laffan D IWPP, aiming for 1,200 MW and 70 MIGD. #expansion #energy
2014 CE
Umm Al Houl IWPP Phase 1 Commissioned
Phase 1 of Umm Al Houl IWPP begins operations, adding 1,200 MW and 60 MIGD to QEWC's portfolio. #energy #water
2015 CE
QEWC Acquires Stake in Qatar Petroleum's Assets
QEWC buys a 10% stake in Qatar Petroleum's power and water assets, further integrating upstream. #acquisition #energy
2016 CE
Completion of Ras Laffan D Plant
Ras Laffan D IWPP is commissioned, with capacity of 1,200 MW and 70 MIGD, making it one of the largest in the region. #expansion #water
2017 CE
QEWC Share Split Approved
Shareholders approve a 1:10 share split to increase liquidity and attract retail investors. #finance #stockmarket
2018 CE
CEO Fahad Al-Mohannadi Appointed
Fahad Al-Mohannadi becomes CEO, succeeding previous leadership, and steers focus on sustainability. #leadership #energy
2019 CE
Solar Energy Pilot Project Announced
QEWC announces a pilot solar photovoltaic project at Ras Abu Fontas to diversify into renewables. #renewables #solar
2020 CE
COVID-19 Business Continuity Plan Implemented
QEWC implements a business continuity plan during the pandemic, ensuring uninterrupted power and water supply. #covid19 #resilience
2021 CE
QEWC Signs PPA for 800 MW Solar Plant
QEWC signs a power purchase agreement for an 800 MW solar photovoltaic plant in Qatar, supporting national renewable targets. #renewables #solar
2022 CE
Umm Al Houl IWPP Phase 2 Commissioned
Phase 2 of Umm Al Houl IWPP starts operations, adding another 1,000 MW and 50 MIGD, cementing QEWC's position. #expansion #energy
2023 CE
QEWC Wins 'Best Power & Water Utility' at MEED Awards
QEWC receives the 'Best Power & Water Utility' award at the MEED Projects Awards for operational excellence. #award #utility
2024 CE
QEWC Acquires 20% Stake in Nebras Power
QEWC acquires a 20% stake in Nebras Power, a Qatari electricity company, expanding its regional presence. #acquisition #energy
2025 CE
Completion of QR 2 Billion Green Bond Issuance
QEWC successfully issues a QR 2 billion green bond to finance sustainable projects, a landmark in ESG financing. #finance #greenbond
2026 CE
QEWC Partners with International Firms for Hydrogen Pilot
QEWC announces a partnership to develop a green hydrogen pilot plant, exploring new energy frontiers. #hydrogen #innovation
2027 CE
New Desalination Plant Using Reverse Osmosis
QEWC commissions a new reverse osmosis desalination plant with 100 MIGD capacity, reducing energy consumption. #water #technology
2028 CE
QEWC Total Capacity Reaches 15 GW and 500 MIGD
QEWC's total installed capacity surpasses 15 GW of electricity and 500 million imperial gallons per day of water. #milestone #capacity
2029 CE
QEWC Appoints First Female Board Member
QEWC appoints its first female board member as part of diversity and governance initiatives. #governance #diversity
2030 CE
QEWC Achieves Carbon Neutrality Goal
QEWC announces carbon neutrality for its operations, aligning with Qatar National Vision 2030. #sustainability #carbonneutral