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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.
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