Cairo - Mubasher: TAQA Arabia Co., a subsidiary of Qalaa Holdings, signed a partnership agreement with both Egypt’s energy production and distribution company and New and Renewable Energy Authority (NREA) worth EGP 40 million.
Through the agreement, TAQA Arabia will take part in the infrastructure works of Egypt's national grid.
The agreement came in the framework of a concession agreement, that was signed earlier, by TAQA Arabia with Egypt’s energy production and distribution CO. and NREA to establish a 50MW solar energy plant near Aswan with investment cost worth $75 million.
TAQA Arabia is the largest private sector energy distribution company in Egypt with over 18 years of experience with diversified sources of energy, investing and operating Energy infrastructure.
