ACWA Power Signs MoU with EEHC on plans to Explore 2,000 MW Power Generation Opportunities in Egypt

ACWA Power, Riyadh based global leading water and power developer, owner and operator, signed today memorandum of understanding (MoU), with the Egyptian Electricity Holding Company (EEHC) – at Egypt Economic Development Conference “Egypt the Future” – to explore developing 2,000 Mega Watt can be expanded to 4,000 Mega Watt of power generation project in Egypt. The MoU framework are aimed at looking into potential opportunities to support Egypt’s efforts in meeting its growing energy and electricity demands as a result of economic growth and diversify fuel mix. Dr. Gaber dsouky, Chairman of Egypt Electricity Holding Company, said “We are committed to meeting our rising energy needs through sustainable and efficient methods. We are also very aware that developing new power generation solutions and taking into consideration cost is not easy, especially when trying to develop and sustain an economy”.

Commenting on the signing ceremony, Paddy Padmanathan, President and Chief Executive Officer ACWA Power, said: 

The framework agreement calls for development of up to 4,000 Mega Watt of coal power generation in Safaja.