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 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’s Department of Energy is currently studying tenders for its Taweelah desalination plant.
Saudi Arabian company ACWA Power plans to invest $658 million in South Africa, it announced on October 26.
Saudi Aramco announced that it has signed 15 preliminary deals and strategic and commercial collaborations worth more than $34 billion.
Saudi Arabia’s ACWA Power has reportedly delayed its plans for an initial public offering (IPO), originally expected for later this year.
Saudi Arabia’s ACWA Power Company reached the financial closure for the development, construction, and operation of solar power projects at the Benban complex in Upper Egypt's Aswan.
The Ministries of Electricity and Renewable Energy and Petroleum and Mineral Resources are negotiating alternative locations for the power plant planned for Dayrout.
