(MENAFN- The Peninsula) Minister of Energy and Industry and Board Chairman of Qatar Electricity and Water Company (QEWC) H E Dr Mohammed Saleh Al Sada said the company had played a vital and important role in supporting the national economy, where it succeeded in meeting the steady increase in the demand for electricity and water, which has been accompanied by the rapid pace of economic growth under the wise policy and vision of Emir H H Sheikh Tamim bin Hamad Al Thani and the Father Emir H H Sheikh Hamad bin Khalifa Al Thani.
Speaking at the General Assembly meeting of the Company Dr Al Sada said: "The company succeeded in a quarter of century since its foundation, in achieving a distinct positive results at both operational and financial levels a matter which he said strengthens confidence in the continuing and successful investment plans towards more growth and prosperity, whether within or outside the State of Qatar".
QEWC continued its pursuit of excellence in the field of electricity and water to become one of the region's largest companies in this sector, the minister said.
"It is still working to realise the aspirations for investment in the electricity and water projects within local, regional and international markets by raising efficiency and improving operational performance through the implementation of new local projects, including expansion of Ras Abu fontas ' (a-2) which is fully owned by the Company due to be completed soon, as well as the construction of a power and water plant in the economic area, besides the construction of a desalination plant and industrial water treatment in Ras Laffan industrial city, and Abu fontas station expansion project (a-3) for water desalination.
"In its endeavour to diversify sources of income and investment the company is expanding its foreign investment in power and water projects with balanced steps where it had launched Nebras Power co. of which QEWC owns 60 percent of its shares," Dr Al Sada added.
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