ACWA Power invests $35bln in its projects worldwide
Saudi Arabia-based ACWA Power has total investments of $35 billion all over the world, Regional Director Hassan Amin tells Amwal Al Ghad.
He added on the side lines of a conference on renewable energy that the feed-in tariff programme directly contributed to a surplus of electrical capacity of the national grid.
In 2014, The Egyptian Ministry of Electricity and Energy has announced feed-in tariffs for electricity generated by solar and wind sources as part of the government’s efforts to increase the country’s energy capacity in the face of serious power shortages and recent power outages.
It guarantees that the government will pay a set price to businesses or households that produce their own clean power.