Qatar Electricity and Water Company

What Qatar Electricity and Water Company does

Qatar Electricity and Water Company (QEWC) is a Doha-headquartered, publicly listed utility on the Qatar Stock Exchange (ticker: DSMD:QEWS) that generates electricity and produces desalinated water for the Qatari market. Founded in 1990, the company operates approximately 20 GW of gross power generation capacity, including 4.2 GW from renewable sources, and supplies bulk electricity and water primarily to Qatar General Electricity & Water Corporation (Kahramaa) for national grid distribution, with secondary supply to large industrial users such as QatarEnergy LNG.

QEWC's revenue model is structured around long-term, government-regulated off-take arrangements. It sells wholesale electricity and desalinated water under subscription-style power and water purchase agreements with the national utility and select industrial customers, with tariffs set by regulatory authorities rather than through market-based pricing. The company has expanded internationally through power purchase agreements and generation assets in Bangladesh and Uzbekistan, providing geographic diversification beyond the Qatari domestic market. A growing portion of capacity is renewable, aligned with Qatar National Vision 2030's objective of 20% renewable energy in the national mix by 2030.

The company is chaired by Saad bin Sherida Al-Kaabi (also CEO of QatarEnergy), reflecting deep state alignment, and is led operationally by President Abdullah Al Theyab and Managing Director & General Manager Mohammed Nasser Al-Hajri. For the nine months ending September 2025, QEWC reported QAR 2,289 million in revenue (up 1% YoY), QAR 1,027 million in net profit (down from QAR 1,189 million a year earlier), and QAR 1,500 million in EBITDA, with net debt of QAR 800 million. The corporate website is attributed to Nebras Energy in its footer, indicating a relationship that is not fully detailed in available disclosures.

Name

Qatar Electricity and Water Company

Legal name

Qatar Electricity and Water Company

Website

https://qewc.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Qatar Electricity and Water Company (QEWC) is a Doha-headquartered, publicly listed utility that generates ~20 GW of electricity and produces desalinated water, supplying the Qatari national grid via Kahramaa and large industrial customers, with growing renewable and international operations in Bangladesh and Uzbekistan.

Ownership category

akta.pro rank

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain

Revenue model

1. Electricity Generation and Sales: QEWC operates power generation facilities and sells electricity to the national grid and international markets. The company maintains 20 gigawatts of gross power capacity.
2. Water Desalination and Distribution: Production and sale of desalinated water to meet municipal and industrial water demand in Qatar.
3. Renewable Energy Generation: Operation of 4.2 gigawatts of renewable energy capacity contributing to the national energy mix.

Pricing tiers

Distribution channels2 records

Core offering

QEWC operates and maintains power generation and water desalination infrastructure with 20 GW of gross power capacity, of which 4.2 GW comes from renewable sources. The company generates electricity and produces desalinated water, selling both to the national grid operator (Kahramaa) for domestic distribution and exporting power through international arrangements in Bangladesh and Uzbekistan.

Product overview

Qatar Electricity and Water Company (QEWC) is a state-owned utility provider that offers integrated electricity and water production services. The company operates power generation assets with 20 GW of gross capacity and manages water desalination operations to meet Qatar's municipal water demand. The company maintains international operations across Bangladesh and Uzbekistan while integrating renewable energy sources into its generation portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Generation Services Bulk electricity generation across a 20 GW portfolio combining natural-gas-based generation with 4.2 GW of renewable energy, supplying the Qatari national grid via Kahramaa and international power markets in Bangladesh and Uzbekistan.
• Water Desalination and Supply Production and distribution of desalinated water to meet Qatar's municipal and industrial water needs, sold primarily through the national grid operator Kahramaa.

Quantifiable outcome

• 1% revenue increase to QAR 2,289 million for nine months 2025
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Abu Dhabi National Energy Company (TAQA): Abu Dhabi-listed integrated utility with generation, transmission, and distribution plus international operations. Comparable GCC national utility pursuing both conventional and renewable expansion.
• Saudi Electricity Company: Largest GCC power utility serving Saudi Arabia's national grid with vertically integrated generation, transmission and distribution. Direct comparable in scale, regulatory structure, and government-aligned ownership model to QEWC.
• ACWA Power: Saudi-listed IPP developer with major operations across the Middle East, Africa, and Central Asia. Most directly comparable on international expansion into emerging markets and renewable IPP strategy.
• Nebras Energy: Qatari power and water investment company (and apparent corporate associate based on qewc.com attribution). Operates as an IPP with regional and international projects in adjacent emerging markets.
• Emirates Water and Electricity Company (EWEC): UAE federal entity procuring water and electricity for Abu Dhabi and the Northern Emirates. Comparable single-bulk-offtaker model serving as the offtaker for IPPs, mirroring the Kahramaa/QEWC relationship.

Emerging players

• Sembcorp Industries: Singapore-based energy and urban solutions group with growing Middle East renewable and conventional generation portfolio. Comparable international IPP strategy but smaller GCC footprint.

Regional players

• oman Power and Water Procurement Company (OPWP): Single-buyer for power and water in Oman with similar offtaker-led IPP structure. Comparable GCC market structure and regulatory framework but operates in a smaller domestic market.

Broad incumbents

• Engie: Global integrated utility with significant Middle East presence including district cooling and power generation. Comparable diversified utility business model but operates at much larger scale with broader geographic footprint.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/QEWC_Official

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qatar Electricity and Water Company