Latest in Tag: ACWA Power Highlight
Latest in Tag: ACWA Power

ACWA Power negotiating inauguration of a wind farm in the Gulf of Suez
Negotiations have reached the final stages and the signing will take place within weeks

Silk Road Fund becomes 49% shareholder in ACWA Power
Deal confirms strength of economic relations between Saudi Arabia and China, says Padmanathan

Optimism among energy investors amid demands to accelerate tenders, projects
ACWA Power to start establishing “Luxor” and “Kom Ombo” stations with 2.45GW capacity

ACWA Power to finalise financial closure of Kom Ombo plant in Q1 2020
Project costs amounted to $200m, international institutions involved in funding

ACWA Power compares 3 bids to supply production units for Luxor power station
Siemens, General Electric, and Mitsubishi are competing on supplying the units, says sources

EETC to negotiate with ACWA Power over Kom Ombo solar plant
Company sells energy at 2.75 piasters, contracts to be signed in August

Acwa Power to finalise 3 projects worth $200m in Benban end-June
Company awaiting cabinet’s approval for 500MW wind project, says Hassan Amin

ACWA Power offers discounts to capture Kom Ombo solar station tender
Company offered lowest price per kilowatt hour in tender at 2.75 cents

ACWA Power to complete its solar plants under feed-in tariff in November
China’s Chint to take over construction work; investments at $200m

The government and ACWA POWER are considering power station in Luxor worth $2.5bn
The government and ACWA POWER are considering power station in Luxor worth $2.5bn

Electricity Ministry agrees with Acwa Power to establish power plant in Luxor
The ministry negotiates with Luxor governorate to allocate the required land for the project on an usufruct system for 25 years

Government postpones execution of $15bn worth of electricity projects
The list includes plants in Dairout, Damanhour, El-Hamrawein, El-Mahmoudeya, Ataqa, and Qena; projects transferred to 2022-2027 Plan due to financial burdens and production surplus, say sources

Egypt enjoys good investment climate but legislation, regulatory laws need improvement: Acwa Power regional director
The pace of work and conclusion of contracts must be accelerated and obstacles that face investors must be removed

3 electricity projects subject to minister’s decision on ‘arbitration’
The companies include ACWA Power, Al-Nowais, and Toyota’s alliance to establish plants worth $7bn

Saudi company Acwa Power to invest $12bn in the Egyptian market over five years
Acwa will not negotiate MoU until projects are decided upon

NREA, Acwa Power sign MoU to establish solar, wind plants
$12bn investment to produce 10,000 MW in 5 years, says Abunayyan

Acwa Power agrees to jointly fund Dayrut power plant
Weekly meeting will be held with Ministry of Electricity officials until a final agreement is reached, says Acwa Power Regional Manager

Acwa Power seeks to finalise contracts to implement power projects in 2016
The government is working to provide facilitations and incentives for investors to improve economic growth, says Acwa Power Regional Manager

NUCA finalises operation of 5 solar power stations
Stations’ energy capacity varies from 45 KWH to 90 KWH

Electricity and energy ministry to hold bid for BOO power station in Dairut
Minister of electricity and energy: Dairut factory will be the first of its kind in Egypt to operate on a BOO scheme