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TAQA Solar hosted at its Solar Energy plant in Benban Aswan the new President of the World Bank, David Malpas, 

in his first foreign visit.

 

Cairo May 05, 2019:   TAQA Solar hosted today at its Solar Energy plant in Benban Aswan the new President of the World Bank, David Malpas, in his first foreign visit.  The visitors included Dr. Sahar Nasr, Minister of Investment and International Cooperation, Dr. Ghada Wali, Minister of Solidarity, General Ahmed Ibrahim Aswan Governor, Dr. Sabah Mashaly Chairman of EETC and Dr. Mohamed Al Khayyat Chairperson of the NREA both on behalf of Dr. Mohammed Shaker Minister of Electricity and Renewable Energy, and a high-level delegation from the World Bank.  The project was established at a cost of EGP 1.35 Billion, began operating in February 2019 producing 50 megawatts of electricity.

The project was established by TAQA Solar, a joint venture company owned by TAQA Arabia (60%) and Hassan Allam Holding (40%) and financed by the World Bank's International Finance Corporation (IFC).  It is also the first of several state-of-the-art solar energy projects planned for implementation in Benban.