Saturday, 23 March 2019 04:41 GMT
img

Egyptian electricity plans to receive USD3b Saudi push



(MENAFN) Egypt will be receiving USD3 billion of investments from Saudi Arabia's Acwa Power for the sake of energy initiatives the country is launching in 2019.

Saudi Arabia's power and water desalination developer and Egypt's Hassan Allam Holding Company are joining hands on the construction of a 2.3-megawatt power plant in Luxor.

Phase one of the planned USD2.3 billion plant is likely to begin operation by 2022, and is expected for full operation by 2023.

Acwa Power is making its investment for the execution of projects in Luxor, including Aswan's Benban Solar Park.

MENAFN1603201900450000ID1098260832


Egyptian electricity plans to receive USD3b Saudi push

  Most popular stories  

Day | Week | Month