Key Factors
- TAQA Arabia’s Grasp Gasoline will supply DiDi drivers cost-effective CNG conversions, gasoline incentives, and versatile cost plans to spice up cleaner transport.
- Transformed automobiles will see as much as 20% financial savings on gasoline, with reward factors for refueling at Grasp Gasoline stations.
- Led by Pakinam Kafafi, the corporate noticed a 34% income surge to EGP13.12 billion ($266 million) within the first 9 months of 2024.
TAQA Arabia, a Cairo-based vitality distribution big led by Egyptian government Pakinam Kafafi, has teamed up with ride-hailing platform DiDi Egypt to make compressed pure fuel (CNG) extra accessible and cost-effective for drivers. By means of its subsidiary, Grasp Gasoline, TAQA Arabia will supply reasonably priced conversion options and monetary incentives, making the swap to CNG a extra enticing choice.
The partnership aligns with Egypt’s push for cleaner vitality in transportation, because the nation seems to be to chop gasoline prices and scale back carbon emissions. Underneath the settlement, DiDi drivers can convert their automobiles at Grasp Gasoline facilities and profit from versatile installment plans, reward-based refueling incentives, and a 12-month guarantee on conversion kits.
DiDi Egypt helps cleaner vitality shift
For DiDi Egypt drivers, the shift to CNG means important financial savings. Transformed automobiles will see gasoline prices drop by as much as 20 %, whereas a newly launched loyalty program permits drivers to earn double reward factors when refueling at Grasp Gasoline stations.
“Our partnership with Grasp Gasoline aligns with DiDi Egypt’s dedication to sustainable mobility,” mentioned Lida Xu, Normal Supervisor for DiDi in Egypt and ANZ. “By providing drivers reasonably priced entry to CNG know-how, we’re considerably decreasing their operational prices whereas supporting Egypt’s transition to cleaner vitality.”
TAQA Arabia expands its vitality footprint
TAQA Arabia has spent over 25 years constructing its popularity as Egypt’s main vitality and utilities supplier, serving 1.8 million prospects throughout vitality distribution, water remedy, and desalination. Its subsidiary, Grasp Gasoline, operates a nationwide community of CNG stations and automobile conversion facilities.
Underneath Kafafi’s management, the corporate has expanded aggressively, securing partnerships with world vitality giants comparable to BG, ENI, Edison, and AMEC. This progress has translated into sturdy monetary efficiency, with TAQA Arabia reporting a 34 percent jump in income to EGP13.12 billion ($266 million) within the first 9 months of 2024.
Past CNG, the corporate is making main strides in renewable vitality. In partnership with the Egyptian authorities and Voltalia, TAQA Arabia launched a $3.4 billion green ammonia project close to Ain Sokhna port.
Powered by 1.30 GW of photo voltaic and wind vitality, the power will produce greater than 350,000 tonnes of hydrogen yearly per part. Moreover, in December 2024, TAQA inaugurated Egypt’s largest fully solar-powered desalination plant in Soma Bay, with a each day manufacturing capability of seven,300 cubic meters.
Shaping Egypt’s vitality future
As Egypt works to chop emissions and diversify its vitality combine, TAQA Arabia is enjoying a key function in driving the transition. The CNG initiative with DiDi Egypt helps the federal government’s broader objectives of enhancing vitality safety, decreasing gasoline prices, and decreasing emissions.
With ongoing investments in renewables, strategic acquisitions, and infrastructure improvement, TAQA Arabia is positioning itself as a pacesetter in Egypt’s evolving vitality panorama—serving to to energy a cleaner, extra sustainable future.
