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Thursday, 11 October 2018

Oyoun Moussa coal plant, ACWA’s Luxor power plant to go live in four years

Construction of Abu Dhabi’s Al Nowais Investments’ USD 4 bn coal power station in Oyoun Moussa and Saudi’s ACWA Power’s USD 2.2 bn power plant in Luxor should be complete in four years’ time, an unnamed source at the Electricity Ministry tells Amwal Al Ghad. The Electricity Ministry expects to finalize talks with Al Nowais over the final price of electricity generated from the plant, which have been ongoing for well over three years since the project was first announced. Talks between ACWA Power and the ministry over its 2.25 GW plant had previously stalled, ostensibly over the plant’s location. This came after a meeting between Prime Minister Mostafa Madbouly and ACWA Power CEO Paddy Padmanathan in Cairo yesterday, where they discussed recent developments on the projects, Youm7 says.

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