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20 Dec

ACWA Power inks deal for $4 billion Egyptian green H2 project

Saudi Arabia’s ACWA Power announced Wednesday it has inked a framework agreement for its proposed $4 billion green hydrogen/ammonia project in Egypt, Kallanish reports. The agreement signed with The Sovereign Fund of Egypt (TSFE), the Suez Canal Economic Zone (SCZone), the Egyptian power utility (EETC) and the New and Renewable Energy Authority (NREA) follows an MOU in December 2022. It marks the next step in the development of the large-scale green hydroge…
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