Egypt signs deal with Saudi ACWA Power for $2.3 billion power plant
High-voltage power lines and electricity pylons
Cairo - Egypt Today
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.
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