ACWA Power announced on April 25 that it had concluded a $123 million financial package to develop its 200 MW Kom Ombo solar power plant project in Egypt.

Le développeur saoudien des projets d' énergies renouvelables ACWA Power believes that The African continent is a very promising region because of its significant renewable potential and the urgent need for energy, especially clean energy. The financing of $123 million was provided in particular by the European Bank for Reconstruction and Development (EBRD), the OPEC Fund and the AfDB's Sustainable Energy Fund for Africa (SEFA), among other financing institutions. For Marco Arcelli, CEO of ACWA Power , “l' obtention par ACWA Power financial support for the renewable energy project is an important step. We are fully committed to accelerating project development while staying true to Egypt's renewable energy goals