Takeover of Ras Laffan Energy to be completed soon

06 October 2010

Qatar Electricity & Water will raise its stake to 80 per cent

Qatar Electricity & Water will complete its acquisition of a majority stake in Ras Laffan Energy within two days, the Qatari utility company’s general manager told Bloomberg. Qatar Electricity & Water will raise its stake in the power producer to 80 per cent from 25 per cent, by buying the additional shares from AES Ras Laffan Operating Company, Fahad al-Mohannadi said in Doha.

You might also like...

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications