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English news

09-Feb-2016

Ministry of Electricity to sign USD2.5 billion Dairut project agreement with ACWA Power

The Ministry of Electricity and Renewable Energy announced that it would sign the final agreement with ACWA Power for the Dairut power station at the end of the month at a total cost of USD2.5 billion. The project, which is expected to generate 2250 MW of electricity, will be carried out on a BOO basis. Prices of the project’s electricity are still under negotiations. (Al Mal)

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