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Key Points
- TAQA Arabia’s Master Gas will offer DiDi drivers cost-effective CNG conversions, fuel incentives, and flexible payment plans to boost cleaner transport.
- Converted vehicles will see up to 20% savings on fuel, with reward points for refueling at Master Gas stations.
- Led by Pakinam Kafafi, the company saw a 34% revenue surge to EGP13.12 billion ($266 million) in the first nine months of 2024.
TAQA Arabia, a Cairo-based energy distribution giant led by Egyptian executive Pakinam Kafafi, has teamed up with ride-hailing platform DiDi Egypt to make compressed natural gas (CNG) more accessible and cost-effective for drivers. Through its subsidiary, Master Gas, TAQA Arabia will offer affordable conversion solutions and financial incentives, making the switch to CNG a more attractive option.
The partnership aligns with Egypt’s push for cleaner energy in transportation, as the country looks to cut fuel costs and reduce carbon emissions. Under the agreement, DiDi drivers can convert their vehicles at Master Gas centers and benefit from flexible installment plans, reward-based refueling incentives, and a 12-month warranty on conversion kits.
DiDi Egypt supports cleaner energy shift
For DiDi Egypt drivers, the shift to CNG means significant savings. Converted vehicles will see fuel costs drop by up to 20 percent, while a newly introduced loyalty program allows drivers to earn double reward points when refueling at Master Gas stations.
“Our partnership with Master Gas aligns with DiDi Egypt’s commitment to sustainable mobility,” said Lida Xu, General Manager for DiDi in Egypt and ANZ. “By offering drivers affordable access to CNG technology, we’re significantly reducing their operational costs while supporting Egypt’s transition to cleaner energy.”
TAQA Arabia expands its energy footprint
TAQA Arabia has spent over 25 years building its reputation as Egypt’s leading energy and utilities provider, serving 1.8 million customers across energy distribution, water treatment, and desalination. Its subsidiary, Master Gas, operates a nationwide network of CNG stations and vehicle conversion centers.
Under Kafafi’s leadership, the company has expanded aggressively, securing partnerships with global energy giants such as BG, ENI, Edison, and AMEC. This growth has translated into strong financial performance, with TAQA Arabia reporting a 34 percent jump in revenue to EGP13.12 billion ($266 million) in the first nine months of 2024.
Beyond CNG, the company is making major strides in renewable energy. In partnership with the Egyptian government and Voltalia, TAQA Arabia launched a $3.4 billion green ammonia project near Ain Sokhna port.
Powered by 1.30 GW of solar and wind energy, the facility will produce more than 350,000 tonnes of hydrogen annually per phase. Additionally, in December 2024, TAQA inaugurated Egypt’s largest fully solar-powered desalination plant in Soma Bay, with a daily production capacity of 7,300 cubic meters.
Shaping Egypt’s energy future
As Egypt works to cut emissions and diversify its energy mix, TAQA Arabia is playing a key role in driving the transition. The CNG initiative with DiDi Egypt supports the government’s broader goals of enhancing energy security, lowering fuel costs, and reducing emissions.
With ongoing investments in renewables, strategic acquisitions, and infrastructure development, TAQA Arabia is positioning itself as a leader in Egypt’s evolving energy landscape—helping to power a cleaner, more sustainable future.
