Egypt-based Taqa Arabia, through its power unit, Global Energy, has signed an agreement with Sudanese Pension Fund and Asec Cement Co. to set up a joint venture power-generation operation in Sudan. Under a 20-year offtake agreement, the new company, Berber for Electrical Power, will have a total installed capacity of 42 megawatts and will provide all the electricity needs for Takamol, Asec's 1.6 million tonne per annum greenfield cement plant in Sudan. The cost of the project is estimated at $67m, the company said.