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Thndr Claps » EGY Claps » Industrials 🏗 » Qalaa subsidiary commences operations of solar power plant☀

Qalaa subsidiary commences operations of solar power plant☀

by Shams Abbas
October 16, 2022

The Clap
Qalaa Holdings’ subsidiary Taqa Arabia has commenced operations at its solar power plant in Sharm El Sheikh in anticipation for COP27.

Deets
The plant cost EGP 250 million, & is expected to decrease carbon emissions by 500k tons over its 25-year life expectancy.

The plant is set to provide energy to Nabq Bay in Sharm El Sheikh, allowing for 30% of the energy consumed there to come from clean energy.

So what?
The plant is part of a bigger plan by Taqa Arabia, one that aims to build electric vehicle charging stations, as well as stations for compressed natural gas, which can be used as a substitute for petroleum.

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