Masdar signs deal with QEWC and Nebras Power

Masdar, Abu Dhabi’s renewable energy company, has signed a Cooperation Agreement with Qatar Electricity & Water Company (QEWC) and Nebras Power at Abu Dhabi Sustainability Week to develop renewable and sustainable energy projects. 
The agreement was signed by Fahd bin Hamad Al Mohannadi, General Manager and Managing Director of QWEC; Khalid Mohammed Jolo, CEO of Nebras Power and Mohamed Jameel Al Ramahi, CEO of Masdar. Also present were Abdul Sattar Mohammed Rasheed, Director of Business development at QEWC.
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 & development, education and raising awareness of the importance of sustainable development. 
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. This will lead to closer ties, investment and value creation, and ultimately support the wider deployment of renewable energy."
Fahd Al Mohannadi, General Manager and Managing Director for QEWC, said: “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 the State of Qatar, which has set a solar power target of 1.8GW by 2020. 
“Since its inception, QEWC has worked to meet Qatar’s energy and water needs through the development of efficient electricity and desalination projects that utilise modern technologies in collaboration with key partners,” he added. “These activities support the community and contribute to the development of Qatar’s industrial and commercial sectors.”
Khalid Mohammed Jolo, CEO of Nebras Power, 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.