ACWA Power set to explore bringing on Oman Investment Authority as co-investor for 1.1GW Suez Wind Energy project
The signing was attended by His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia OIA will own up to 10% stake in the wind farm project Egypt’s Hassan Allam Holdings is a 25% co-investor ACWA Power will hold the remaining share in the facility US$1.5 billion project expected to […]
ACWA Power, Hassan Allam consortium signs deal for 1.1GW wind project in Egypt worth US$1.5 bn
The 1.1 GW project is one of the largest onshore wind farms in the world and the largest in the Middle East. Agreement signed during HRH Mohammed Bin Salman, Crown Prince of Saudi Arabia’s state visit to Egypt. Project marks ACWA Power’s expansion in the country to three projects. ACWA Power, a leading Saudi developer, investor […]
Masdar signs landmark agreements to develop 4 GW green hydrogen plants in Egypt by 2030
• Masdar and Hassan Allam Utilities sign Memorandums of Understanding with entities including The General Authority for Suez Canal Economic Zone, New and Renewable Energy Authority, the Egyptian Electricity Transmission Company and The Sovereign Fund of Egypt • Masdar and Hassan Allam Utilities will set up a strategic platform that aspires to take a leading role […]
Rosatom to provide $3-4 bn to Egyptian Dabaa nuclear plant contractors
Rosatom will provide between USD 3-4 billion to several Egyptian contractors working at the site of the Dabaa nuclear power plant as soon as permits are issued and construction begins, the company’s Chief Sustainability Officer Polina Lion told a presser yesterday, according to a press release. The contractors: Hassan Allam Construction, Arab Contractors and Petrojet […]
Siemens, Hassan Allam awarded tender for New Capital control center
Siemens, Hassan Allam beat State Grid, Huawei in new capital control center tender: A Siemens-Hassan Allam consortium has been awarded the tender to construct an electricity control center in the new administrative capital, beating out Chinese state-owned utility company State Grid, tech giant Huawei, and Orascom Construction, Al Mal reports. The tender will see the […]
Interview: Sherif Gabr, Downstream Business Unit Director, Drexel Egypt
OUR SUCCESS STORY: DREXEL EGYPT has successfully completed commissioning tests and Nitrogen activities for the new constructed ammonia sphere and its piping networks in phosphate complex project located in El Ain El Sokhna (one of Hassan Allam Co. Projects) using a new pumping technology with safe manner and low risk. Appreciate the full support from […]
TAQA Arabia, Hassan Allam break ground on EGP 1.35 bn Benban solar plant
Qalaa Holdings subsidiary TAQA Arabia and Hassan Allam Holding have begun constructing their EGP 1.35 bn, 50 MW solar power plant in Aswan’s Benban complex, Qalaa said in a statement to the EGX. The project is being finance by five international institutions, including the International Finance Corporation IFC, according to the statement. The power plant […]
Hassan Allam, Lightsource BP form JV for solar energy projects in Egypt
Industry leaders Hassan Allam Holding and Lightsource BP to form joint venture to develop solar energy projects in Egypt JV agreement to develop and operate utility scale solar projects in Egypt Creates a major player in Egypt’s energy transition to renewables HA Utilities, the utilities arm of leading regional construction and engineering group Hassan Allam […]
Chinese consortium wins contract for Hamrawein coal-fired plant
The Chinese alliance offered the lowest price of $4.4 billion to execute the project. State-run Egyptian Electricity Holding Company announced that a consortium of China’s Shanghai Electric and Dongfang Electric Cooperation, and Egypt’s Hassan Allam Construction has officially won the establishment of a 6,000-megawatt coal-fired power plant in Hamrawein, the Red Sea. The Chinese alliance […]
Saudi ACWA Power awarded three solar contracts in Egypt
ACWA Power awarded 3 Solar PV projects under Round 2 of Egypt FiT program II ACWA Power signed the Power Purchase Agreement with the Government of Egypt for three solar photovoltaic power plants in Benban under Round 2 of the Feed-in-Tariff (FiT) program in the presence of H.E. Prime Minister of Egypt, H.E. Ambassador of […]
