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Thursday, 14 March 2019

Acwa Power to invest USD 3 bn in Egypt this year

INVESTMENT WATCH- Acwa Power to invest USD 3 bn in Egypt this year: Saudi energy developer Acwa Power is planning to invest USD 3 bn in electricity projects in Egypt this year, Country Development Director Hassan Aly tells Al Mal. The investments will be directed toward energy projects in Luxor and the Benban solar power complex in Aswan, among others. Acwa Power is currently building with Hassan Allam Holding a 2.3 GW, USD 2.3 bn Luxor power plant.

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