ACWA Power Company announces that it has received a notification from the Project Company stating that it has received the Project Commercial Operation Certificate for the Komombo for Energy Project

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Announcement Detail	ACWA Power Company announces that that it has received on the 30th June 2024 a notice from Komombo For Energy project company stating the project company has been granted the Project Commercial Operation Certificate by the Offtaker for the 200 MW Komombo Solar PV Project located in Komombo, Aswan region, Arab Republic of Egypt.. ACWA Power owns a 100% share in Komombo for Energy project. The project has a 25-Year Power Purchase Agreement with the Egyptian Electricity Transmission Company (EETC) and a total investment cost of SAR 611 Million. The Company expects financial impact to be reflected from Q3 2024 onwards.

Element List

Explanation

Announcement Detail

ACWA Power Company announces that that it has received on the 30th June 2024 a notice from Komombo For Energy project company stating the project company has been granted the Project Commercial Operation Certificate by the Offtaker for the 200 MW Komombo Solar PV Project located in Komombo, Aswan region, Arab Republic of Egypt..

ACWA Power owns a 100% share in Komombo for Energy project. The project has a 25-Year Power Purchase Agreement with the Egyptian Electricity Transmission Company (EETC) and a total investment cost of SAR 611 Million.

The Company expects financial impact to be reflected from Q3 2024 onwards.