Egyptian Prime Minister Mostafa Madbouly announced that the Saudi electricity and water desalination company ACWA Power plans to complete the construction of the 200 MW Kom Ombo solar project in Egypt by April.

Outre le projet solaire de Kom Ombo, ACWA Power is working on several larger initiatives in Egypt. It intends to complete the construction of the Kom Ombo solar project with a capacity of 200 MW in Egypt by April. ACWA announced that in April 2023 it had concluded a financial package of $123 million to develop the project, with financing provided by the EBRD, the OPEC Fund and the AfDB's Sustainable Energy Fund in Africa (SEFA), among other