TAQA, an Abu Dhabi-based energy company, has signed a memorandum of understanding to explore the possibility of becoming a shareholder in the €1.9 billion ($3.08 billion) Greece and Cyprus high-voltage direct current (HVDC) electricity interconnection.
The Saudi developer is reportedly suffering fines of $700/MW/day for late delivery of a project at the Benban solar complex in Egypt as 180 MW of plants near completion.
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