Acwa Power to reach financial close for 200 MW Kom Ombo plant in 1Q2020

Acwa Power plans to reach financial close on its USD 200 mn, 200 MW solar power plant in Kom Ombo in 1Q2020, regional director Hassan Amin told the local press. The plant is being financed by unnamed international funders that Amin did not name. The power plant is sought to launch before the end of 2020. The company had signed a power purchase agreement with the Egyptian Electricity Transmission Company earlier this year.