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FINANCIAL NEWS
Egypt’s TAQA Arabia to build USD75mn power plant
10 Jul 2016
(MENAFN) TAQA Arabia, a subsidiary of Qalaa Holdings will set up a new 50 MW-capacity solar power plant in Aswan at a cost of USD75mn.
Additionally, the firm signed a deal with the Egyptian Elect Transmission Co. and the New and Renewable Energy Authority to split the USD4.47mn project.
Moreover, the company also said that the TAQAA Arabia will establish auto-motive fuel and natural gas stations.
Qalaa’s major operating segments is the energy sector, which its revenues recorded USD66.35mn in Q1 this year, with an annual growth of 14 percent.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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