TAQA Arabia to build 180 natgas filling stations with EGP 3.6 bn investment
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 gas-fuelled cars and buses take to the roads over the coming years. The company will spend EGP 800 mn to construct 40 stations this year, EGP 1.2 bn on 60 stations in 2022 and EGP 1.6 bn on 80 stations in 2023, Abu Bakr said.
This means that TAQA has taken more than half of the 300 stations the government plans to establish over the next three years.