TAQA power signs agreement with Eighteen

TAQA Power, the power arm of TAQA Arabia “A Qalaa Holdings Company” has signed an agreement with the Egyptian based real estate developers for the electrification of the EIGHTEEN project located near new Islamabad Airport.

TAQA Power is a leading integrated private power sector player in Egypt, providing full scope of services along the value chain including development, construction, operation & maintenance, billing & collection as well as energy efficiency of conventional & renewable power generation & distribution projects.

Under the agreement signed between Eighteen’s CEO – Tarek Hamdy and TAQA Power’s Managing Director – Samy Abdelkader, TAQA Power will provide the full energy solution for EIGHTEEN which includes designing & building of a distribution network as well as a power source including both backup generation & solar plant for both a reliable and green solutions for Eighteen’s customers.

TAQA Power’s Managing Director, Samy AbdelKader while speaking at the occasion commented: “It’s a great privilege to be selected by Elite Estates Private Limited, the developer of EIGHTEEN project, for a power plan that matches the highest standards and adopt green energy solutions. Pakistan is a promising market in South Asia and with our regionally significant reputation in the power sector, this partnership will reap great benefits for both. We hope to leverage this cooperation towards more fruitful projects with Elite Estates in the future.