TAQA.CA 13.17 EGP
-1.35 %
In the electricity sector, TAQA Power (TAQA Arabia’s subsidiary) is a first mover and leading integrated private power sector player in Egypt, providing full scope of services along the value chain including development, investment, construction, management, operation, maintenance, issuance and collection of electricity consumption bills for electricity distribution projects, as well as investment, construction, management, operation and maintenance of conventional and renewable power generation stations. So that the scope of its business extends to include all sectors such as oil and gas, industrial, residential, commercial and tourism sectors across the country.
TAQA Power subsidiaries (Global Energy, TAQA Industrial Zones, TAQA for Electricity Generation & Distribution, TAQA Solar, TAQA PV and TAQA Volt) have a track record includes developing more than 150 MW of conventional power generation projects, of which 18MW are currently operating projects, 1300 MVA Contracting capacities for Power distribution projects, and more than 105 MWp Solar PV generation projects.
With the expansion of our business, TAQA is being one of the leading companies in implementing the Excess Power Utilization model in Egypt.
TAQA Power is capitalizing on its extensive experience as a power developer to extend its geographical presence in other countries, starting currently with Pakistan.
Since TAQA Power has been for more than 20 Years a significant long standing & active player with a strong track record of delivering operational excellence through distributing electricity to more than 12000 customers within our diversified mega projects in various industries, and considering our unique Know-How. TAQA Power also provides Operational Consultancy Services, introducing complete energy solutions to our clients that significantly reduce investment costs and allow applying the most efficient and practical technical solutions in accordance with the applied regulations, these services include but not limited to “Operational Maximum Load Demand Study “and “Value Engineering Requirements”. And other tailored solutions that accommodate the nature of each project.
By August 2013, TAQA Power completed construction of phase I of its 6th of October industrial zone power distribution project, which made TAQA Power the first private sector company in Egypt licensed to distribute power in an industrial zone since 2009.
By August 2019, TAQA Power started the construction of phase II “EL Motawereen Substation” with a capacity of 250 MVA with an investment cost of EGP 600 Million. By March 2021, despite of the worldwide pandemic situation, Al Motawereen Substation started commercial operation.
By 2020, TAQA Power, capitalizing its wide range of experience, is repeating its successful power distribution business model in SADAT City Industrial Parks.
By 2021, our steady leading position with its extended practical experience made TAQA Power duplicates this business model with an innovative fingerprint having its First of its kind private sector concession in Egypt for full Power Generation & Distribution for Oriental Weavers 12 Mil sqm Industrial Park - Sokhna - Suez Canal Economic Zone, Where TAQA Power will exclusively:
TAQA Power is also a pioneering company licensed to distribute power in South Sinai touristic area since 2000. TAQA Power started operations in several real estate projects in Cairo since 2006, which made TAQA Power the first private sector company in Egypt licensed to distribute power for residential commercial and touristic sectors.
TAQA Power’s list of business partners includes leading market developers in various sectors, serving almost 12000 clients:
Al Futtaim: "Cairo Festival City"
Emaar Misr: "Up Town Cairo"
Marakez: "Mall of Arabia" & "Mall of Tanta" & "Mall Al Salam" & "District 5 Kattameya"
Al Marasem (BinLaden Group): "5th square"
Capital Group Properties (IMKAN Misr): "AL-Burouj"
Raya: "Galleria 40 Mall"
Amer Group: "Porto Cairo" & " Porto Sharm"
Vernbro Tanta
Al Ahly Sabour: "Qatameya Residence"
Sabour land mark: "One Ninety"
Hassan Allam Properties: "Swan Lake"
SECON ( Saudi Egyptian company for Development): "JAYD"
TAMEER: "Azad"
ORA Development ( Naguib Sawiras): " ZED ( Sheikh Zayed) "
6th October Industrial Park: Polaris, CPC( BinLaden group), El Sewedy, Polaris-El Zamel and and Industrial Development Group (Samy Saad Group).
Extending our services to our clients such as: Edita, P&G, Schlumberger , Aramex, Henkel, Domty and Coca Cola.
Industrial Park SADAT-City: CPC (BinLaden group) and Polaris-El Zamel.
In addition to previous industrial clients such as: Asec El Menya Cement, South Valley Cement and Al Takamol Cement.
In Nabq Sharm el Sheikh such as: Travco, Al-Batros, Rixos, Oriental resorts, Coral Sea, City Stars
In Cairo such as: kempinsky.
Scimitar (Upstream Explorations)
E-Styrenics (Petrochemicals)
Dina farms
Power Generation
In the power generation sector, TAQA Power has invested, designed, constructed, operated and maintained more than 150 MW of conventional power generation projects and is currently operating over six captive power generation projects with a total capacity of over 27MW, mostly thermal power plants.
TAQA Power extended its lines of business to include “Excess Power Utilization” business model and its related agreements for the first time in the Egyptian Electricity Market capitalizing on the declared “Electricity Transmission Wheeling” tariff and regulations through the Egyptian Electricity Transmission Grid.
TAQA Power has been actively pursuing opportunities and taking steps to grow its RE capacity. In addition to the existing more than 110 MWpsolar PV project under FIT program, it is also pursuing many opportunities in different sectors:
(i) off-grid PV projects in Egypt ranging from 2MWp to 20MWp, in order to supply its customers in various fields such as agriculture, industrial, and tourism, (ii) a 100MW concentrated solar power (“CSP”) project, in partnership with other international developers.
Large Scale Power Generation Qualification Experience
In 2010, TAQA with the Japanese developer Mitsui and Kepco of South Korea were qualified by Egyptian Electricity Transmission Co. “EETC” for Dairut 2,250 MW CCPP Project.
TAQA Power is covering the full scope of services from development to construction and operation for both generation and distribution projects, through its subsidiaries, Global Energy, TAQA Industrial Zones and TAQA for Electricity Generation and Distribution.
TAQA Power has become the leading private sector distribution company, in addition to owning transformer stations, to include the total current contractual capacity of about 1300 megawatts.
TAQA Power owns and/or operates the substations and distribution networks across Egypt including 6th October City industrial park (300MW) 9 Million sqm as well as Nabq center in Sharm el Sheikh (220MW) 27 Million sqm., TABA distribution project (12 MW) 4 Million sqm, Cairo Festival City 120 MW (4 Million sqm), Up Town Cairo project 80 MW(4 Million sqm), El Nakhil New Cairo compound 60 MW(4 Million sqm) and many other electricity distribution projects such as Mall of Arabia 30 MW AL-Burouj 150MW (4 Million sqm), AL Marasem (BinLaden Group)“5th Square” ,Landmark Sabour “One Ninety . And CPC (BinLaden Group) & Polaris (Industrial Parks -SADAT city).
Our O&M Services includes, Reviewing and Approving Network Designs, 24/7 customer support and emergency response, applying regular and pre-paid metering systems, billing and collections and many other power efficiency testing and services.
TAQA Solar, TAQA Power’s Renewable Energy arm has been one of the first companies established for the purpose of finalizing a 65MW PV solar power plant in Benban (Aswan)-part of the biggest PV solar park in the world. The project is Under the Egyptian governments feed-in tariff program and started commercial operation in Feb 2019. The project total investment reached US$ 72 Million and was funded by the IFC along with other development banks from Finland, Austria, Bahrain & China.
TAQA Power’s another arm to accommodate our future expansion in Solar Energy projects, having a diversity of small to medium scale clients among the different sectors such as agricultural projects “Dina Farms (6MW)” where a $4.2 M Loan was signed with the European Bank for Reconstruction and Development (EBRD) promoting the expansion of the renewable energy in Egypt by supporting the first green private to private project. In addition to other industrial & touristic projects.