Company Overview of Qatar General Electricity and Water Corporation
Qatar General Electricity and Water Corporation, also known as KAHRAMAA, buys, distributes, and sells electricity and water in Qatar. The company formulates power and water purchase agreements, and provides technical and corporate support for establishment of generation and desalination ventures; owns, constructs, and operates electricity and water transmission and distribution networks; designs set-up plans and programs for the development of electricity and water transmission and distribution networks; provides lay out regulations, standards, and codes of practices for electricity and water supplies to buildings and facilities; and offers consultancy services related to its activities and ...
Founded in 2000
Key Executives for Qatar General Electricity and Water Corporation
Compensation as of Fiscal Year 2015.
Qatar General Electricity and Water Corporation Key Developments
Kahramaa Signs Deals for QAR 3 Billion Power Project
May 25 15
Qatar General Electricity & Water Corporation (Kahramaa) signed an agreement for a QAR 3 billion power and water desalination project. The project will have production capacity 2,520MW of electricity and 136m gallons of water per day to meet the rising demand. Kahramaa owns 60% of the project, while Qatar Petroleum and Qatar Foundation own 5% each. The remaining 30% stake is owned by Mitsubishi Corporation and Tokyo Electric Power Company. Total power capacity will reach around 11,000MW after completion of the project. Mitsubishi Corporation is the developer of the project. Kahramaa has launched a project this month to provide generators to people in case of outages and said power consumption usually increases during summer.
Qatar General Electricity and Water Corporation Proposes Cash Dividend for 2014; Announces Earnings Results for the Year of 2014
Jan 26 15
Qatar General Electricity and Water Corporation board of directors decided to propose a 75% cash dividend for 2014, equal to QAR 825 million.
The company announced earnings results for the year of 2014. The company reported its net profit rose 11% to QAR 1.56 billion (USD 428 million/EUR 383 million) in 2014. Earnings per share for the period amounted to QAR 13.91 compared with QAR 12.58 for 2013. Operating profit came in at QAR 1.24 billion, against QAR 1.16 billion a year earlier. Revenue grew to QAR 3.0 billion from QAR 2.9 billion in the previous year. The performance was bolstered by a QAR 393 million income from the company's joint-venture profits.
Qatar General Electricity and Water Corporation, Board Meeting, Jan 25, 2015
Jan 26 15
Qatar General Electricity and Water Corporation, Board Meeting, Jan 25, 2015. Agenda: To approve a ten-year investment plan and a targeted financial position of the company; and to propose a 75% cash dividend for 2014, equal to QAR 825 million.
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