Page 8 - NEBRAS Corporate Profile English

N ebras is very much part of the new
Chairman’s
Message
8 | Nebras Power | Chairman’s Message
proud to be able to contribute to Qatar’s shift to the
“knowledge economy,” as part of Qatar’s
ongoing and highly strategic shift from a
resource-based economy to a knowledge-based
one. Even as production and export of natural gas
will clearly remain of critical importance to the
country for many years to come, this historical shift
emphasizes acquisition of new skills and expertise
that will allow the country to continue to prosper
in the long term when both the availability and
importance of hydrocarbons diminish.
The essence of Nebras and its value to Qatar and
its people is smart investment and equally smart
development of power generation assets and energy
value chains in addition to water desalination assets.
This is a high-value added activity, which is typical
of highly developed services-driven economies.
Economies of global financial and services centers
- or even some high-GDP countries without any
natural resources – can create huge amounts of
wealth from being host to activities and companies
similar to Nebras. Many of these places have limited
natural resources. Instead, they thrive on innovation,
new technologies and value-added services, and
knowledge-based activities. Whether investment
management, education, asset development, or
technological innovation, today all knowledge-
based assets can be exported globally. We are
knowledge economy.
Equally important to us is to be at the forefront of
the growing role of clean natural gas in the global
economy.
Renewables by nature are not a baseload generator
but only an intermittent provider of electric power.
With continuing retirement of oil, nuclear and coal
generation there is a growing need for fast-start,
clean gas generation. In this respect, we believe in
creating and owning a value chain – from gas well to
the individual electricity consumer, which we believe
as the optimal solution for all stakeholders in the
chain, from gas producers and power plant owners
to the consumer. We are focusing on providing full
chain gas to power solutions.
Going forward, I believe that Nebras will play an ever-
growing and important role in the national energy and
water strategy, contributing to the fulfillment of Qatar’s
National Vision as a highly-developed nation with an
economy based on knowledge.
Fahad Hamad Al-Mohannadi
Chairman of the Board
Chairman’s Message | Nebras Power | 9