(MENAFN) Qatar Electricity and Water Company (QEWC) announced that it will establish a USD1-billion fund in collaboration with Qatar Holding and Qatar Petroleum International (QPI), reported Gulf Daily News.
The aim of the fund, to be called Nebras Power, is to launch investments in foreign energy infrastructure assets, in the fields of power generation, water desalination and treatment, heating and cooling systems, provision of fuel, in addition to fuel loading and unloading equipment.
The investments will be located mainly in the Middle East and parts of the Far East.
It is worth noting that QEWC will hold a 60-percent stake in Nebras Power, while each of QPI and Qatar Holding will own a 20-percent stake.
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