The PPA was signed by Rajit Nanda, chief investment officer at ACWA Power, and Sabah Mashaly, chairman of the Egyptian Electricity Transmission Company, in the presence of senior executives from ACWA Power and delegates from the Egyptian Ministry of Electricity and Renewable Energy.

Construction is expected to be completed during the first quarter of 2021. Once operational, the plant is expected to cater to the power needs of 130 thousand households, in addition to offsetting 280 thousand tonnes of CO2 per year.

“We are keen to leverage renewable energy sources through transparent competitive procurement, which will cater to the country’s current clean energy needs while simultaneously safeguarding our future,” Mohamed Shaker, minister of Electricity and Renewable Energy, Egypt.

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