POWERGLOBE extents its energy portfolio along with DOHA BANK

DOHA BANK and POWERGLOBE sign partnership agreement for professional energy-services and developments across the Gas to Power Industry value-chain. POWERGLOBE LLC holds an extensive portfolio of Gas to Power projects across Pakistan, India, Jordan, Cyprus, Greece, Morocco, Tunisia, Kenya, Senegal, Turkey and Mediterranean region in the fields of Gas to Power project developments; Natural Gas and LNG development projects; NG and LNG storage facilities; LNG import, regasification terminals and FSRU facilities; Power and electricity production; Renewable energy, Energy mix and portfolio management; Shipping and energy transportation; LNG bunkering; Energy commodities; and large-scale energy integrated project developments.

Dr. R. Seetharaman, CEO of Doha Bank Group and Dr. Theodore Theodoropoulos, CEO of POWERGLOBE, in Doha Bank Headquarters (Photo: QGN)

POWERGLOBE LLC is a Company licensed by QFC, a license pursuant to the QFC Regulations. Qatar Financial Centre Authority hereby certifies that, pursuant it powers under Article 11 (1) of the Qatar Financial Centre Law No (7) of 2005 of the State of Qatar. Doha Bank Group and POWERGLOBE will extend the energy-projects portfolio across the financial and structure finance for large scale energy projects, including the Indian FSRU in Gujarat, the Gas to Power project in Pakistan (China – Pakistan energy corridor), the Cyprus LNG project and Senegal integrated energy project,  the Kenya energy corridor, the DESFA project, the Gas to Power project in Jordan. POWERGLOBE, is driven by highly professional values and principles and it works to live up to its reputation of excellence and integrity. POWERGLOBE will start its expansion and global presence through a cultural of excellence, along with His Highness the Emir of Qatar Sheikh Tamim bin Hamad bin Khalifa Al-Thani mission and Qatar National Vision 2030, for a sustainable economic, social and cultural development across the country!

DOHA BANK is one of the largest commercial banks in the State of Qatar and has been consistently registering a strong growth during the last decade with participative leadership philosophy. Inaugurated in 1979, Doha Bank provides domestic and international banking services for individuals, commercial, corporate and institutional clients through four business groups – Wholesale Banking, Retail Banking, International Banking and Treasury & Investments. Doha Bank has established overseas branches in Kuwait, Dubai (UAE), Abu Dhabi (UAE), Mumbai and Kochi (India) as well as representative offices in Japan, China, Singapore, Hong Kong, South Africa, South Korea, Australia, Turkey, the United Kingdom, Canada, Germany, Bangladesh and Sharjah (UAE). Doha Bank has received numerous awards in recognition of its achievements. Doha Bank was adjudged as the ‘Best Regional Commercial Bank’ – The Banker Middle East for the 4th straight year.

Doha Bank was recently awarded as ‘Bank of the Year – Qatar Domestic Trade Finance’ by Asian Banking & Finance. Additionally, Doha Bank has in the past claimed various other awards such as, ‘Bank of the Year’ – The Banker, ‘Best Commercial Bank in the Middle East’ – Global Banking & Finance, ‘Bank of the Year’ – ITP Group, ‘Best Bank in Qatar’ – IAIR Award and ‘Best Bank in Qatar’ – EMEA Finance. Doha Bank is rated A+ by Fitch, A2 by Moody’s and A- by Standard & Poor’s for its long-term local and foreign currency.

Sources: DB, Gulf New Agencies, QGN.