Masdar inks deal with two Qatari energy producersby Jochebed Menon on Jan 18, 2017
Masdar has inked a cooperation agreement with Qatar Electricity and Water Company (QEWC) and Nebras Power to develop renewable energy projects.
The agreement aims to strengthen mutual cooperation between Masdar, QEWC and Nebras in the development of commercially viable renewable energy projects in the UAE, Qatar, and international markets.
It will also promote collaboration on research and development, education, and raising awareness of the importance of sustainable development, state news agency, WAM reported.
Mohamed Jameel Al Ramahi, CEO of Masdar said: "Our cooperation agreement with QEWC and Nebras Power provides a valuable opportunity for collaboration and knowledge sharing among regional partners who share common goals.”
Fahd bin Hamad Al Mohannadi, general manager and managing director of QEWC, added: "This agreement will make an important contribution to the evolution of Qatar Electricity and Water Company, which seeks to be a leader in the field of power generation and water desalination in the Middle East.
“It also supports sustainable development and energy diversification in Qatar, which has set a solar power target of 1.8GW by 2020.”
Khalid Mohammed Jolo, CEO of Nebras said: "We hope this agreement will further the aim of Nebras Power to invest in regional and international utilities markets.
“It will enable all three parties to exchange knowledge and experience and help them to expand their activities in renewable energy and sustainability.”