TAQA Arabia targets gas conversion for 20,000 cars to curb carbon emissions

Updated 10/1/2024 10:05:00 AM
TAQA Arabia targets gas conversion for 20,000 cars to curb carbon emissions

Arab Finance: TAQA Arabia is working on reducing carbon emissions within the next three years via converting gasoline-powered cars into gas-run ones, targeting to convert 20,000 cars, as per a disclosure.

The company also aims to boost its solar power production during these years by setting up new plants at an investment cost of up to $30 million.

In the first half (H1) of 2024, TAQA Arabia recorded a net profit after tax of EGP 211.324 million, compared to EGP 167.271 million in H1 2023.

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