TAQA Arabia, Alcazar Energy, and FAS Energy are expected to complete each of their 50 MW solar power plants in Aswan’s Benban solar power park and link them to the national grid within two weeks, Electricity Ministry sources said. Alcazar and TAQA, a subsidiary of Qalaa Holdings, have each completed around 97% of their respective plants, while FAS is reportedly scheduled to complete its plant within the coming few days.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…