Egypt: Acwa Power signs Kom Ombo PPA


Issue 403 - 07 Nov 2019 | 1 minute read
Saudi Arabia’s Acwa Power announced on 30 October that it had signed a power purchase agreement for the 200MW Kom Ombo solar PV plant. Acwa Power emerged as the lowest bidder in a tender earlier this year. Acwa Power said it had offered a revised price of just $0.02752, below its initial bid of $0.02799, enabling it to outbid Spain’s Fotowatio, Scatec Solar, and three other consortia – EDF-Marubeni-El Sewedy, Engie-Orascom and Actis-Enerpal.

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