Qatar Exchange | Qatar Electricity and Water Company | KAHRAMAA, QEWC AND MHPS SIGN MOU ON INTERNSHIP PROGRAM FOR YOUNG QATARI ENGINEERS

 

Qatar General Electricity & Water Corporation (KAHRAMAA), Qatar Electricity & Water Company (QEWC) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have signed a Memorandum of Understanding (MOU) for the implementation of an internship-based education and training program in Japan for engineers from QEWC and KAHRAMAA.

The signing ceremony,which was held today in Doha, was witnessed by His Excellency Mr. Saad SheridaAl-Kaabi, the Minister of State for Energy Affairs. The MOU was signed by His Excellency Mr. Essa Hilal Al-Kuwari, President of KAHRAMAA, Mr. Fahad HamadAl-Mohannadi, General Manager and Managing Director of QEWC, and Mr. Ken Kawai,President & CEO of MHPS.Under the terms of theMOU, young engineers from KAHRAMAA and QEWC will serve as interns at MHPS ’Takasago Works in Hyogo Prefecture and other locations in Japan. Through acombination of classroom education and on-the-job training, the interns willgain relevant knowledge, skills, and experience in addressing complex situations in their dealings with advanced power generation technologies.The internship programis being established in line with MHPS’ support for the development of Qatari technical experts in power technology. MHPS, which supplies Qatar with high-reliability thermal power generation systems, views the internship program as an opportunity to further strengthen the ties between the three companies.Qatar is presently focusing its resources into the creation and enhancement of a broad range of new industrial infrastructure to meet the demand for the 2022 FIFA World Cup and to help achieve the goals of Qatar National Vision 2030.As part of that effort, large-scale power generation and desalination projects are presently underway. As part of strengthening the infrastructure, MHPS concluded last year a second long-term service agreement (LTSA) covering eight of its M701F gas turbines in operation in the gas turbine combined cycle (GTCC) power generation facility of the Independent Water and Power Project (IWPP) in Ras Laffan Industrial City.As KAHRAMAA and QEWC together provide indispensable support to enable stable power generation, the conclusion of the new MOU with MHPS is of great significance.

Regional Markets indices ()

Name Last Change (%) Value
Abu Dhabi 9,263.96 0.1 1,225,966,878
Dubai 4,232.94 0.03 325,821,692
Saudi 12,565.89 0.33 10,538,287,961
Kuwait 8,081.99 0.1 59,404,228
Qatar 9,943.61 0.14 468,363,576
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Egypt 27,559.35 2.36 1,817,550,644
Amman 2,457.97 0.56 3,690,622
Palestine 542.99 0.03 312,031

Commodities

Name Last update Closing Price Change %
Brent Mar-28 87.48 1.61
Natural Gas Mar-28 1.75 2.04
Gold Mar-28 2,245.00 1.42
Silver Mar-28 25.01 0.98
Platinum Mar-28 921.90 1.32
Nymex Light Mar-28 83.06 2.1

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 39,763.70 39,807.37 0.12
Nasdaq 16,446.80 16,379.46 0.12
S&P 500 5,248.03 5,254.35 0.11
Name Opening price Closing Price Change%
Frankfurt 18,477.40 18,492.49 0.08
Paris 8,216.77 8,205.81 0.01
London 7,931.98 7,952.62 0.26
Stockholm 969.74 963.34 0.81
Switzerland 11,732.83 11,730.43 0.21
Name Opening price Closing Price Change%
Shanghai 2,988.59 3,010.66 0.59
Hong Kong 16,378.40 16,541.42 0.91
Jakarta 7,289.22 7,288.81 0.29
Tokyo 40,324.42 40,168.07 1.46

Currency

Name Rate Last update
EURO/USD 1.079 Mar-28
GBP/USD 1.262 Mar-28
USD/JPY 151.390 Mar-28
USD/CHF 0.902 Mar-28