November 1, 2018 / 2:02 PM / 17 days ago

Egypt signs deal with Saudi ACWA Power for $2.3 billion power plant - minister

CAIRO, Nov 1 (Reuters) - Egypt signed a deal on Thursday with Saudi Arabia’s ACWA Power to build a power plant in southern Egypt involving investment of $2.3 billion, the Egyptian electricity minister said.

The plant, which will have capacity of 2,250 megawatts (MW), would be built in Luxor province in southern Egypt, the minister told a news conference.

Reporting by Momen Saeed Atallah Writing by Sami Aboudi Editing by Edmund Blair

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