Egypt’s largest private sector energy distribution company, TAQA Arabia, is considering establishing a new 50MW-capacity solar power plant, in addition to the existing 50MW solar power project that the company seeks to implement in Aswan worth $75m, according to Daily News Egypt.
TAQA Arabia, a subsidiary of Qalaa Holdings in the energy sector, has announced in November 2015 that it has signed a contract with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) to split the EGP 40m cost of connecting solar energy facilities to the national electricity grid.
The holding company also mentioned that TAQA Arabia is expanding to establish auto-motive fuel and natural gas stations. The company has already established four new stations in the first quarter of 2016. The company now has a total number of 45 stations.