EKH could invest up to EGP 300 mn in subsidiary Kahraba

INVESTMENT WATCH- EK Holding could invest as much as EGP 250-300 mn in subsidiary Kahraba to increase its generation capacity to 100 MW from a current 70 MW, our friend Haitham Abdel Moneim, IR Director at EKH, tells Al Mal. The planned increase would take place over 18 months, he adds. EKH had increased Kahraba’s production capacity to 70 MW from 40 MW in 2017 at a total investment cost of EGP 450 mn.