QEWC agrees $530m deal to acquire stake in Nebras Power

7 Jan 2022
QEWC agrees $530m deal to acquire stake in Nebras Power

State utility Qatar Electricity & Water Company (QEWC) has announced that it has signed an agreement to acquire a 40 per cent stake in energy investment company Nebras Power for $530m, which will give QEWC full ownership of the company

State utility Qatar Electricity & Water Company (QEWC) has announced that it has signed an agreement to acquire a 40 per cent stake in energy investment company Nebras Power for $530m, which will give QEWC full ownership of the company.

QEWC, which already owns 60 per cent in Nebras Power, will get full control of the company when the deal is completed. QEWC’s fully-owned subsidiary Raslaffan Operating Company made the offer to buy the 40 per cent stake from Qatar Holding, a unit of Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA).

Conclusion of the deal will be subject to regulatory approvals.

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