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Nebras to buy Engie's stake in QNA

Qatar's Nebras Power has agreed to acquire a 35.5% stake held by French utility giant Engie in Indonesia's largest independent power producer PT Paiton Energy

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Engie, Nebras, Power generation, Qatar, Qna, News

Qatar's Nebras Power has agreed to acquire a 35.5% stake held by French utility giant Engie in Indonesia's largest independent power producer PT Paiton Energy.

With a 2 gigawatt (GW) capacity, PT Paiton is the largest independent power producer in Indonesia, reported Qatar News Agency.

Engie currently has a 40.5%, with the remainder held by Japan's Mitsui, Tokyo Electric Power, and Indonesia's PT Batu Hitam, according to Engie's website.

Nebras's acquisition would offer the Qatari firm access to the Indonesian energy market, the report said.

Nebras Power is an infrastructure investment firm, 60 percent owned by Qatar Electricity and Water Company, with the remainder split between Qatar Petroleum and Qatar Holding. (Reporting by Hadeel Al Sayegh, editing by David Evans)

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