‎ACWA Power signs SAR 2.64B financing for wind power plant in Egypt

‎ACWA Power signs SAR 2.64B financing for wind power plant in Egypt ‎ACWA Power signs SAR 2.64B financing for wind power plant in Egypt

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ACWA Power wind turbine

ACWA Power Co.signed on Dec. 30 financing agreements for the development, construction, operation and maintenance of a 1,100-megawatt wind power plant in Suez Governorate, Egypt. The project, valued at SAR 2.64 million, will be financed over a period of 20 years.

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In a statement to Tadawul, the company pointed out that the investment cost is estimated at SAR 4.13 billion, with the company holding a 70% stake.

 

ACWA Power wind turbine

ACWA Power Co.signed on Dec. 30 financing agreements for the development, construction, operation and maintenance of a 1,100-megawatt wind power plant in Suez Governorate, Egypt. The project, valued at SAR 2.64 million, will be financed over a period of 20 years.

In a statement to Tadawul, the company pointed out that the investment cost is estimated at SAR 4.13 billion, with the company holding a 70% stake.

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