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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
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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