EIGHTEEN, TAQA Power sign agreement for energy solutions

31
Staff Reporter
Islamabad

EIGHTEEN, the luxury real estate project of twin cities, has signed an agreement with electricity giant TAQA Power, the power arm of TAQA Arabia “A Qalaa Holdings Company” for the electrification of “EIGHTEEN project” and to put in place an effective distribution network to meet the developers needs with a highly reliable & effective power solutions.

Under the agreement signed between Eighteen’s CEO – Tarek Hamdy and TAQA Power’s Managing Director – Samy Abdel kader, TAQA Power will provide the full energy solution for EIGHTEEN which includes designing & building of a distribution network as well as a power source including both backup generation & solar plant for both a reliable and green solutions for Eighteen’s customers.

Upon construction completion, TAQA Power will be ensuring a reliable power system for the society while performing higher standard of operation & maintenance.

Eighteen’s CEO, Tarek Hamdy, said about agreement, “We are delighted to have TAQA Power onboard to provide the best electrical infrastructure and optimized solutions for our residents.

This agreement is a milestone for the development of the project as it is a first of its kind to be implemented in Pakistan, entailing long term development over a period of about 15 to 20 years”.

TAQA Power’s Managing Director, Samy AbdelKader commented: “It’s a great privilege to be selected by Elite Estates Private Limited, the developer of EIGHTEEN project, for a power plan that matches the highest standards and adopt green energy solutions.

Previous articleEngro signs Rs4500m Islamic syndicated facility with Meezan Bank
Next articlePak-UAE to sign MoU regarding Halal products export