Saudi-based Acwa Power, a major developer of power and water desalination projects, is set to invest around $3 billion in Egypt’s electricity projects during this year.  

The utility developer has collaborated with Hassan Allam Holding Company to establish a 2.3-megawatt power plant in Luxor.   

The power plant, being built at a cost of $2.3 billion, is expected to start the Phase One of the operation in the summer of 2022 and the full commercial operation in the summer of 2023.   

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