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HomeNewsTunisia: QEWC to purchase shares in Carthage Powers, Rades

Tunisia: QEWC to purchase shares in Carthage Powers, Rades

Qatar’s utility major Qatar Electricity and Water Company (QEWC) has said it was considering its foreign investments as very important asset for the future, as the foreign investments shall constitute the major portion of the company profits through foreign projects in which the company participates through Nebras Power Company, where in QEWC owns 60 percent of the shares.

According to MENAFN site, Nebras Power Company board of directors had agreed on purchasing the shares of Carthage Powers, Rades, Tunisia for $10m, and it is currently negotiating with the liquidator of BTU about the price and the completion of the purchase process.

The aim is to acquire 60 percent of the Carthage plant with a production capacity of 471MW. The consent of the shareholders has been obtained and TAPCO board of directors decided to transfer the ownership of its shares to Nebras Company, said the same source.

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