ACWA Power to finalize Dairut 2.4 GW plant agreement “soon”

Saudi Arabia’s ACWA Power may soon finalize a power purchase agreement with Egyptian authorities for the Dairut gas-fired 2.4 GW plant, CEO Paddy Padmanathan said, Reuters reports. The project has experienced delays as the Electricity Ministry remains undetermined on the location. Padmanathan also noted that nearly USD 14 bn in power plant project MoUs the companies have signed have been put on hold.