TAQA Power starts work at Sinai substationby Adam Lane on Jan 22, 2013
Egypt’s TAQA Power, a branch of TAQA Arabia, has announced that it has started operations at its 120 MVA substation in Nabq, South Sinai. The project, valued at around US $30 million, is aimed at supporting the grid as it comes under increased pressure from rising tourist demand.
“We are very pleased to be launching this crucial project, particularly at a time when Egypt’s energy consumption is growing so rapidly. Private-sector-led projects such as the Nabq Substation will be the key to meeting Egypt’s growing demand for electricity. We are grateful for the continued support of the Ministry of Electricity as we work to be ‘part of the solution’ to ensure that Egypt has reliable access to energy – and by helping develop the infrastructure that is key to both attracting investors and to the growth of the tourism industry,” said TAQA Arabia CEO, Khaled Abu Bakr.
The substation has a capacity of 120 MVA, expandable to 160 MVA, with the further possibility of upgrade to 375 MVA. TAQA Power says that it has been designed to meet the present and predicted power needs of the whole Nabq tourism centre.
“Under the terms of our agreement, TAQA Power will purchase electricity from the Egyptian Electricity Transmission Co. at Egyptian electricity unified grid prices, then distribute it to its customers within the Nabq tourism centre,” TAQA Power MD, Dr Magdy Saleh, added.
“We are fully aware of the impact that our operations have on the surrounding environment and we are seeking to invest in renewable energy including wind and solar power generation. The company is also looking into the possibility of generating power from agricultural waste,” Dr Saleh added.
- ABB wins $30mn power grid order in Saudi Arabia
- Empower posts $67.5mn net profit for 2013
- Saudi Arabia to allocate $18bn for desal projects
- Masdar Institute sets up iEnergy center
- Siemens gets $253m Qatar power contract
- UAE-led group to buy two India power plants
- US, Indian firms in race for top projects in RAK
- UAE, US discuss energy cooperation
- First Solar sets solar cell record
- Oman, Korea discuss water management