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Tag Archives: Acwa Power

Egypt plans 3 power projects worth $7bn

Egypt’s Ministry of Electricity has finalised negotiations for three projects costing $7 billion, a report said.  The projects include Dairut’s 2,250 MW capacity combined-cycle power plant to be carried out by Acwa Power, Al-Nowais’s 2,640 MW capacity coal power plant in the Oyoun Mousa area, and Gulf of Suez’s 250 MW capacity wind plant to be carried out by the ...

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Saudi consortium closes $1.8bn Rabigh 1 refinancing

A consortium of electricity companies led by Saudi Arabia’s Acwa Power has completed refinancing of more than $1.825 billion in debt for its Rabigh 1 power project, Acwa Power said on Wednesday. The consortium, which includes state-run Saudi Electricity Company (SEC) and Korea Electric Power Corporation (KEPCO), runs the 1,240 MW fuel oil-fired plant on the western coast of Saudi ...

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