Egypt signs deal with Saudi ACWA Power for $2.3 billion power plant — minister

Egypt signs deal with Saudi ACWA Power for $2.3 billion power plant — minister
The Sun sets behind high-voltage power lines and electricity pylons at a highway northeast of Cairo, Egypt, September 15, 2018. (Reuters)
Updated 01 November 2018

Egypt signs deal with Saudi ACWA Power for $2.3 billion power plant — minister

Egypt signs deal with Saudi ACWA Power for $2.3 billion power plant — minister
  • The Egyptian electricity minister said the plant will have capacity of 2,250 megawatts (MW)
  • It would be built in Luxor province in southern Egypt

CAIRO: Egypt’s Ministry of Electricity has signed a deal with Saudi Arabia’s ACWA Power to build a power plant in southern Egypt involving investment of $2.3 billion.

Reuters News Agency quoted the Egyptian electricity minister as saying that the plant will have capacity of 2,250 megawatts (MW).

Speaking at a news conference Thursday, the minister said it would be built in Luxor province in southern Egypt.