Founded in 1990, the company rebranded from Qatar Electricity & Water Company to Nebras Energy in January 2026. It provides electricity and desalinated water for Qatar, with more than 10 GW of power generation capacity. In 2025, Total assets grew by 4.7% to $6.5 billion, while its net profit declined by 4.6% to $376.6 million. Qatar Investment Authority (QIA) is the largest shareholder of the company, holding a stake of 29.96% as of February 2026.