Last Update 20:41
Sunday, 24 March 2019

Egypt signs $2.3 billion power plant deal with Saudi ACWA Power: Minister

Reuters , Friday 2 Nov 2018
Electricity Minister Shaker
File Photo" Egypt's Electricity Minister Mohamed Shaker speaks during a news conference in Cairo, Egypt, December 6, 2015 (Photo: Reuters)
Views: 2584
Views: 2584

Egypt signed a deal with Saudi Arabian utility developer ACWA Power on Thursday to build a $2.3 billion power plant in the country’s south, the Egyptian electricity minister said.

The plant, which will have a capacity of 2,250 megawatts (MW), will be built in Luxor province, the minister, Mohamed Shaker, told a news conference.

He said the facility is expected to be operational by 2023 at the latest.

Egyptian President Abdel Fattah El-Sisi opened three new power stations in July built at a total cost of 6 billion euros ($7 billion) as part of the country’s plans to plug a gap in power generation and fuel its development drive.

Acute power shortages in the years immediately following Egypt’s 2011 uprising led to frequent summer blackouts and cuts to industrial output.

The new projects initiated in 2015 are part of an 8 billion euro deal to boost electricity generation by 50 percent through new gas and wind power plants. 

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.