ACWA Power | Egypt Oil & Gas

Egypt to Extend ACWA Power MoU, Allocates Land for ACURE Green Ammonia Project

Egypt’s National Council for Green Hydrogen has approved a one-year extension of its memorandum of understanding (MoU) with Saudi Arabia’s ACWA Power for its planned East Nile project, which will produce 6...

El-Khatib Advances Green Energy Partnerships with ACWA Power

Hassan El-Khatib, Minister of Investment and Foreign Trade, met with the CEOs of Saudi Arabia’s ACWA Power and Greece’s Public Power Corporation (PPC) on the sidelines of the World Economic Forum (WEF) in Davos to acc...

Egypt, ACWA Power Advance Wind and Solar Projects to Boost Grid Stability

Mahmoud Esmat, Egypt’s Minister of Electricity and Renewable Energy, met with Saudi Arabia’s ACWA Power  Country Development Director, Hassan Amin, to discuss means of enhancing cooperation and partnership in the fiel...

Sinopec to Supply Engineering Services to Saudi Arabia’s ACWA Power in Yanbu

China’s Sinopec, one of the world’s largest state-owned energy and chemical companies, signed an agreement to to deliver engineering services for ACWA Power in Yanbu, Saudi Arabia, supporting the development of what w...

Egypt, Saudi Arabia’s ACWA Seal $4B Deal to Develop Green Hydrogen Project

Saudi-listed ACWA Power has announced that it signed the framework agreement, following the MoU that was signed in 7th of December 2022 to outline the development of the first phase of the green hydrogen project in Eg...

ACWA Power Eyes Hydrogen Production Project in Egypt

The Chairman of ACWA Power company, Mohammed Abunayyan said his company is willing to transfer its expertise in hydrogen production to Egypt which now  enjoys  great infrastructure thanks to the newly established proj...

Aramco, Air Products, ACWA Power, Air Products Qudra Sign Agreement for Asset Acquisition

Aramco, Air Products, ACWA Power and Air Products Qudra announced that they have signed agreements for the asset acquisition and project financing of an air separation unit (ASU)/gasification/power joint venture (JV) ...

Acwa Power Set to Raise $1 B in Sukuk Sale

Acwa Power International, a developer, investor, and operator of a portfolio of power generation, is planning to raise about $1 billion by selling Islamic bonds early next year, according to Bloomberg. Acwa Power has ...

ACWA Power Reviews Three Bids for Luxor Power Plant

ACWA Power is comparing three bids from Siemens, General Electric, and Mitsubishi Electric to supply production units for its 2.25 gigawatt (GW) Luxor power plant, sources told Daily News Egypt . The project consists ...

Silk Road Fund Acquires 49% Stake in ACWA Power RenewCo

China’s Silk Road Fund has become a leading partner and shareholder in ACWA Power Renewable Energy Holding (ACWA Power RenewCo) after acquiring a 49% stake in the company. The Chinese fund reached an agreement with AC...

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