Doha, August 1 – Qatar Electricity & Water Company (Nebras Energy), announced that it has completed the reorganization of Nebras Energy. As of July 2024 Nebras Energy has begun managing all commercial, administrative, and technical activities for Nebras Power through a services agreement. In this context, Nebras Power’s personnel, associated business systems and processes have been transferred to Nebras Energy.
With guidance from HE Eng. Saad bin Sherida Al-Kaabi, Minister of State for Energy Affairs and Chairman of the Board, the reorganization initiative reflects the commitment of the Board of Directors, to enhance the vital role played by Nebras Energy in supporting growth of the national electricity and water sector and meeting the country’s sector requirements with the highest efficiency. As per the direction set by its Board of Directors, Nebras Energy aims at supporting the development of its subsidiaries to expand their business in Qatar and internationally. The optimization of Nebras Energy activities will foster the contribution to important projects for the country’s future and strengthen its global outreach.
Commenting on the announcement, Mohammed Nasser Al-Hajri, Managing Director and Chief Executive Officer of Nebras Energy, highlighted the importance of this change in achieving operational synergies, streamlining and harmonizing internal business systems and processes across the Nebras Energy Group. He added that this ultimately will enable success in the future chapters of Nebras Energy’s development. He confirmed that the transition comes with no impact on operations. Priority has been given to ensuring business continuity while preserving and honoring all existing engagements with stakeholders.
