The board of directors of TAQA Arabia, Egypt’s leading private sector energy and utility provider, held a meeting recently via video conference to approve the company’s management presentation for the second quarter investment plans, according to the company’s disclosure to the Egyptian stock exchange

During the meeting, the board reviewed the latest developments of the Zafarana solar energy project, implemented under a memorandum of understanding signed with the Ministry of Electricity in 2024. The project is Egypt’s first and largest solar-powered desalination plant. The board also reviewed the potential of investing in Liquefied Natural Gas (LNG) projects in Tanzania.

TAQA Arabia reported this month its consolidated revenues for the first half  (H1) of 2025 which increased to EGP 11 billion from 7 billion in H1 of 2024. The company also increased its consolidated net profits after tax, amounting to EGP 350 million in H1 of 2025 from EGP 211 million the previous year.