Korra Energi has won two contracts valued at over $1 million to supply natural gas equipment and technologies for two fuel stations including one affiliated with Natural Gas Vehicles Company (Cargas), according to Al-Mal.
Mohamed Medhat, Korra’s Energy Solutions Division Manager, stated that the contract has already been signed with Cargas and they plan to start testing and supplying equipment by the end of August or early September. Medhat added that currently, the company is waiting for another bidding results for five other fuel stations with Total and Arabia Gaz.
Korra Energi was one of the companies bidding for supplying compressed natural gas (CNG) equipment and technologies to 12 fuel stations. Cargas and the Egyptian International Gas Technology (Gastec) launched the bid round in September 2019 with a total investment value of $10 million.