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  • 30-01-19

    Egyptian power, tourism to receive investments from UAE's Al Nowais

    (MENAFN) Egypt is set to receive investments in its power and tourism markets from the UAE's Al Nowais Investments group.

    The Abu Dhabi-based group and the Egyptian Electricity Transmission Company (EETC) are set over this quarter to ink a deal on the 2,650MW Oyoun Moussa clean coal-fired power station.

    According to the group's chairman Hussain Al Nowais, "this power plant is a part of our plan to invest in Egypt's energy sector."

    Al Nowais further added that the plant is decided to be established within three phases for a period of four years, generating 1,320MW of electricity in the first one.

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