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Tag: Qalaa Holdings
TAQA

TAQA Arabia to build 180 natgas filling stations with EGP 3.6 bn investment

Posted: January 10, 2021 at 11:41 am   /   Oil & Gas

TAQA Arabia will invest EGP 3.6 bn to build 180 natgas filling stations between now and 2023, Executive Chairman Khaled Abu Bakr told Kelma Akhira’s Lamees El Hadidi last night. Qalaa Holdings’ energy distributor was announced last week as a private sector partner that will help expand the country’s network of natgas stations as more […]

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TAQA Arabia

TAQA Arabia’s IPO in the EGX “not in the near future” – sources

Posted: December 1, 2020 at 12:00 pm   /   Oil & Gas

Qalaa Holdings’ TAQA Arabia won’t be making its EGX debut in the near future due to the potential for market volatility caused by the pandemic, the local press reported yesterday, quoting sources close to the matter. Qalaa had reportedly planned to list 30-40% of its portfolio company in the first half of 2020. The company […]

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ERC

President Sisi inaugurates ERC’s new Mostorod Petrochemical Refinery

Posted: September 28, 2020 at 1:06 pm   /   Oil & Gas

Egyptian Refinery Company’s Mostorod petrochem refinery is inaugurated: Qalaa Holdings subsidiary Egyptian Refining Company’s (ERC) USD 4.3 bn facility in Mostorod was inaugurated yesterday by President Abdel Fattah El Sisi. As the largest private sector project of its kind in Africa, the refinery will produce each year some 2.3 mn tonnes of diesel fuel and […]

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taqa_station

TAQA Arabia to inaugurate new natural gas fueling stations this year

Posted: September 17, 2020 at 11:15 am   /   Oil & Gas

TAQA Arabia is planning to open several natural gas fueling stations before the end of the year at a combined cost of EGP 145 mn, TAQA CEO Pakinam Kafafi said, according to Al Mal. The new stations will bring the total number operated by the Qalaa Holdings subsidiary to 21, and come as part of […]

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ERC

Qalaa announces operation of Hydrocracker unit at ERC Refinery

Posted: September 15, 2019 at 1:12 pm   /   Oil & Gas

Qalaa Holdings announces the successful operation of the Hydrocracker in its flagship project Egyptian Refining Company “ERC”. All the project units are now operating. Qalaa declares all units at ERC are a go: The Egyptian Refining Company (ERC) has successfully begun hydrocracker operations, Qalaa Holdings said in a bourse filing on Thursday. With that, all […]

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Qalaa

Qalaa Chairman presents Landmark ERC Case Study at Africa Investment Forum

Posted: November 13, 2018 at 4:35 pm   /   Oil & Gas

Qalaa Holdings Chairman Ahmed Heikal Presents Landmark ERC Case Study at Africa Investment Forum in Johannesburg, South Africa. Qalaa Holdings Chairman and Founder Ahmed Heikal showcases US$ 4.3 bn greenfield refinery as a successful example of a private sector-led infrastructure mega-project that will provide a domestic substitute for c. 40% of Egypt’s diesel imports. Ahmed […]

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Edison

Edison, Qalaa Holdings scrap plan for 150 MW Abu Qir power plant

Posted: September 25, 2018 at 2:58 pm   /   Electricity & Power

Edison and Qalaa Holdings have decided to scrap their plan to build a $150 million combined cycle power plant in Abu Qir after determining that the project would not be financially feasible with current power tariffs, an unnamed source from Edison tells Al Masdar. Qalaa and Edison had planned to sell power from the 180 […]

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ERC

Qalaa looks to increase its stake in Egyptian Refining Company ERC

Posted: September 5, 2018 at 12:27 pm   /   Oil & Gas

Qalaa Holdings is in talks to increase its stake in the Egyptian Refining Company (ERC) through a capital increase, Managing Director Hisham El Khazindar said yesterday. The refinery is now 98% complete and is expected to be a major driver of revenue expansion starting next year. El Khazindar told Al Mal that trial operations at […]

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Solar

TAQA Arabia, Hassan Allam break ground on EGP 1.35 bn Benban solar plant

Posted: August 29, 2018 at 1:22 pm   /   Renewables

Qalaa Holdings subsidiary TAQA Arabia and Hassan Allam Holding have begun constructing their EGP 1.35 bn, 50 MW solar power plant in Aswan’s Benban complex, Qalaa said in a statement to the EGX. The project is being finance by five international institutions, including the International Finance Corporation IFC, according to the statement. The power plant […]

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ERC

Qalaa’s ERC refinery fires up boilers after connecting gas, power

Posted: June 17, 2018 at 3:02 pm   /   Oil & Gas

ERC begins running boilers after connecting refinery with power and gas: Qalaa Holdings’ Egyptian Refining Company (ERC) has begun running the USD 4.3 billion Mostorod refinery’s boilers, Qalaa said in a regulatory filing on Wednesday. The trial runs took place as the refinery was hooked up to electricity and gas, the statement added. The move comes […]

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