Egypt signs deal with Saudi ACWA Power for $2.3 billion power plant — minister

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 recently, the minister said it would be built in Luxor province in southern Egypt.

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