ACWA signs PPA with EETC for Luxor power project

ACWA Power and Hassan Allam have signed a 25-year power purchase agreement (PPA) with Egyptian Electricity Transmission Company (EETC) for their 2300MW $2.3 billion Luxor gas-fired combined cycle power project. Financial close on a DFI/ECA backed financing for the scheme – involving EDC, AfDB,...