ACWA Power granted government guarantee for 2.25 GW power plant

Cabinet granted ACWA Power a government guarantee to for the construction of a USD 2.2 bn, 2.25 GW power plant on right-to-use basis for 25 years, sources tell Al Borsa. Negotiations are ongoing on issues including the plant’s location. Initially planned for Dairut in Beheira, it might be relocated.