Egypt's Citadel Capital invests in green platforms

(MENAFN - Khaleej Times) Private equity investment in environmentally-friendly and clean technology companies has increased significantly in recent years and Citadel Capital, the Middle East and North Africa's leading private equity firm with investments worth more than $8.3 billion, has been at the forefront of 
that trend.

Citadel Capital was among a number of companies that presented their green credentials recently at an American Chamber of Commerce gathering that was attended by former US Vice-President Al Gore, who shared the 2007 Nobel Peace Prize for his work on environmental issues around the globe.

On display were Citadel Capital's platforms in the energy distribution sector (TAQA Arabia) and the transportation and logistics sector (the National River Transportation Company, or NRTC. "Over the years the firm has found that it can create value for its shareholders and limited partners by investing in projects that are both profitable and beneficial to the environment," said Hisham El-Khazindar, Citadel Capital's MD and Co-Founder. "Investments such as TAQA Arabia and NRTC are prime examples of how profitability and sustainability can go hand in hand."

TAQA Arabia, Citadel Capital's full-service energy group, is Egypt's largest integrated player in the energy distribution sector with long-term concessions covering 11 Egyptian governorates and regional operations in the UAE, Libya and Qatar. The company's complementary divisions include gas distribution, power generation and the marketing of fuel products.