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Saudi ACWA Power secures $2.29 bln deal for major wind energy project in Egypt

Leading Saudi energy company ACWA Power has secured a power purchase agreement (PPA) with the state-run Egyptian Electricity Transmission Company (EETC) for a major wind energy project in Egypt's south Hurghada, with a total investment of 8.6 billion Saudi riyals (approximately $2.29 billion).

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Saudi ACWA Power secures $2.29 bln deal for major wind energy project in Egypt