ACWA Power | Egypt Oil & Gas

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

Saudi-listed ACWA Power has announced that it has signed the framework agreement, to develop the first phase of a green hydrogen project in Egypt with a capacity of 600,000 tons per year of green ammonia, with inv ...

ACWA Power Eyes Hydrogen Production Project in Egypt

The Chairman of Acwa Power company, Mohammed Abunayyan announced his company’s desire to transfer its expertise in hydorgen production to Egypt especially after having a huge infrastructure thanks to the great new ...

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 ( ...

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.

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.

Silk Road Fund Acquires 49% Stake in ACWA Power RenewCo

The Chinaese Silk Road Fund has become a leading partner and shareholder in ACWA Power Renewable Energy Holding (ACWA Power RenewCo).

ACWA Power to Pay $90 M in Natural Gas Pipeline Construction

ACWA Power and the Ministry of Petroleum and Mineral Resources agreed to pay $90 million to deliver natural gas through a pipeline connected to the company's electric power plant in Luxor.

Ministry of Electricity Signs Energy Purchasing Price Agreement with ACWA Power

The Ministry of Electricity and Renewable Resources has agreed with Saudi renewable energy company ACWA Power the purchasing price of energy generated by the planned Luxor power plant.

ACWA Power to Establish $2.3 B Gas-Fired Combined Cycle Plant

ACWA Power Company, in cooperation with Hassan Allam Group, will establish a $2.3 billion gas-fired combined cycle electricity generating plant with a 2300 MW production capacity.

Abu Dhabi Reviewing Tender Offers for Desalination Plant

Abu Dhabi’s Department of Energy is currently studying tenders for its Taweelah desalination plant.

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