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Qalaa’s TAQA Arabia to construct EGP 200mln power plant

Qalaa’s TAQA Arabia to construct EGP 200mln power plant
Qalaa Holding
CCAP
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TAQA Arabia, a subsidiary of Qalaa Holdings (formerly Citadel Capital), is planning to construct an electricity distri¬bution station in Sixth of October City with a total investment cost of EGP 200 million, Al Mal learnt.
Sources, who spoke on condition of anonymity, added that the station will be fi¬nanced by TAQA’s recent issued and paid-in capital increase from EGP 4.258 billion to EGP 8.0 billion, which was covered by Qalaa.
The station would be used to supply neighboring residential, commercial, and industrial units at a total capacity of 120.0 MVA.