TAQA Arabia, Hassan Allam break ground on EGP 1.35 bn Benban solar plant
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 will be constructed under a build-own-operate framework. Trial operations are expected to begin by year’s end, and commercial operations are slated for the beginning of 2019.