ACWA Power Signs Agreement to Develop Green Hydrogen Project in Egypt Worth More Than $4 Billion
December 20, 2023 | 3 min read December 20, 2023 | 3 min readNew Capital – Cairo – Egypt– Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed the framework agreement, following the MoU that was signed in 7th of December 2022 to outline the development of the first phase of the green hydrogen project in Egypt with a capacity of 600,000 tonnes-per-year of green ammonia, with an investment in excess of USD 4bn, with the intention of scaling up to a second phase with a potential capacity of 2 million tonnes-per-year.