{"id":632483,"date":"2018-02-12T04:14:49","date_gmt":"2018-02-12T04:14:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/"},"modified":"2018-02-12T04:14:49","modified_gmt":"2018-02-12T04:14:49","slug":"acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/","title":{"rendered":"ACWA Power to finalize Dairut 2.4 GW plant agreement \u201csoon\u201d"},"content":{"rendered":"<p>Saudi Arabia\u2019s 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, <a href=\"https:\/\/www.reuters.com\/article\/us-saudi-acwa-projects\/saudi-acwa-power-sees-4-5-billion-in-local-project-tenders-idUSKBN1FV08Q\">Reuters reports<\/a>. The project has experienced delays as the Electricity Ministry <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/03\/electricity-ministry-remains-undecided-on-location-of-acwa-powers-2-25-gw-power-plant\/\">remains undetermined<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632483","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"f67bab61-282d-4928-951a-2e541431e0c9","order":"0","is_powered_by":true,"section_story_id":"83e19797-5e36-47ae-b433-b40ec033f162","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632458],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ACWA Power to finalize Dairut 2.4 GW plant agreement \u201csoon\u201d - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACWA Power to finalize Dairut 2.4 GW plant agreement \u201csoon\u201d\" \/>\n<meta property=\"og:description\" content=\"Saudi Arabia\u2019s 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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-12T04:14:49+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ACWA Power to finalize Dairut 2.4 GW plant agreement \u201csoon\u201d\",\"datePublished\":\"2018-02-12T04:14:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/\"},\"wordCount\":71,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/acwa-power-to-finalize-dairut-2-4-gw-plant-agreement-soon\/\",\"name\":\"ACWA Power to finalize Dairut 2.4 GW plant agreement \u201csoon\u201d - 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The delay is a result of the surplus in production currently on the national grid,\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626066,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/29\/negotiations-on-acwa-powers-dairut-power-plant-stalled\/","url_meta":{"origin":632483,"position":1},"title":"Negotiations on ACWA Power\u2019s Dairut power plant stalled","author":"enterpriseam admin","date":"29 August 2018","format":false,"excerpt":"Negotiations between Saudi Arabia\u2019s ACWA Power and the Electricity Ministry over the former\u2019s USD 2.2 bn, 2.25 GW Dairut power plant have stalled after nearly several months of negotiations, according to ministry sources. It remains unclear what is behind the stalled talks, but the sources noted that ACWA has yet\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635369,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/electricity-ministry-remains-undecided-on-location-of-acwa-powers-2-25-gw-power-plant\/","url_meta":{"origin":632483,"position":2},"title":"Electricity Ministry remains undecided on location of ACWA Power\u2019s 2.25 GW power plant","author":"enterpriseam admin","date":"3 December 2017","format":false,"excerpt":"The Electricity Ministry has yet to decide whether to build ACWA Power\u2019s 2.25 GW Dairut power plant in Luxor or Qena, Al Mal reports. The ministry had reached an agreement with ACWA for the plant back in May, with plans to build it in Luxor instead of the original Dairut.\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647543,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/14\/electricity-ministry-reaches-agreement-with-acwa-power-for-2-25-gw-power-plant\/","url_meta":{"origin":632483,"position":3},"title":"Electricity Ministry reaches agreement with ACWA Power for 2.25 GW power plant","author":"enterpriseam admin","date":"14 May 2017","format":false,"excerpt":"The Electricity Ministry has reached an agreement with ACWA Power to establish a USD 2.2 bn, 2.25 GW power plant in Luxor, unnamed ministry sources tell Al Borsa. The plant was originally planned for Dairut, Beheira, but was moved to Luxor to increase energy production in Upper Egypt. Cabinet had\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647375,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/acwa-power-granted-government-guarantee-for-2-25-gw-power-plant\/","url_meta":{"origin":632483,"position":4},"title":"ACWA Power granted government guarantee for 2.25 GW power plant","author":"enterpriseam admin","date":"9 May 2017","format":false,"excerpt":"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\u2019s location. Initially planned for Dairut in Beheira, it might be relocated.","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622780,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/oyoun-moussa-coal-plant-acwas-luxor-power-plant-to-go-live-in-four-years\/","url_meta":{"origin":632483,"position":5},"title":"Oyoun Moussa coal plant, ACWA\u2019s Luxor power plant to go live in four years","author":"enterpriseam admin","date":"11 October 2018","format":false,"excerpt":"Construction of Abu Dhabi\u2019s Al Nowais Investments\u2019 USD 4 bn coal power station in Oyoun Moussa and Saudi\u2019s ACWA Power\u2019s USD 2.2 bn power plant in Luxor should be complete in four years\u2019 time, an unnamed source at the Electricity Ministry tells Amwal Al Ghad. The Electricity Ministry expects to\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=632483"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632483\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/632458"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=632483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=632483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=632483"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=632483"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=632483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}