In the presence of His Excellency Dr Mostafa Madbouly, Prime Minister of Egypt, ACWA Power has signed a Memorandum of Understanding (MoU) with the Ministry of Housing, Utilities & Urban Communities represented by the New Urban Communities Authority; Holding Company for Water and Wastewater (HCWW); and Ministry of Electricity and Renewable Energy represented by Egyptian Electricity Holding Company, to conduct preliminary and feasibility studies for a series of water desalination projects in Egypt.
The projects will be powered by solar and wind, or a combination of both renewable energy sources. Upon completion, the studies will be submitted to the Ministry of Housing, Utilities & Urban Communities and Egyptian Electricity Holding Company.
The signing ceremony took place at the headquarters of the Egyptian Cabinet of Ministers in Cairo in attendance of Dr Muhammad Shaker Al-Marqabi, Minister of Electricity and Renewable Energy; Dr Assem Al-Jazzar, Minister of Housing, Utilities and Urban Communities; Mr. Abdallah El Shamri, Deputy Ambassador of the Kingdom of Saudi Arabia to Egypt; and Mr. Mohammad Abunayyan, Chairman of ACWA Power.
The Egyptian government selected ACWA Power as the partner of choice following the company’s proven track record in developing water desalination projects and renewable energy power plants that span global geographies.
In Egypt, ACWA Power has a number of renewable energy projects including Benban PV IPP in Aswan, with a production capacity of 120 MW and total investment of US$190 million (S$263 million); and Kom Ombo PV with a production capacity of 200 MW.