ACWA to acquire ENGIE's assets in Bahrain and Kuwait

ACWA to acquire ENGIE’s assets in Bahrain and Kuwait for $693m
Saudi Arabia-based energy company ACWA Power has signed a share purchase agreement with the regional subsidiary of French utility developer ENGIE to acquire assets located in Bahrain and Kuwait valued at $693m.
Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets
Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE , according to a joint statement on Wednesday.
Engie Exits Kuwait, Bahrain With $693 Million Sale to Saudi Firm
France’s Engie SA agreed to sell its power and water assets in Kuwait and Bahrain to Acwa Power Co. for $693 million.
ACWA Power expands in Gulf with $693mn deal for Bahrain, Kuwait assets
The acquisition, estimated at a cost of $693 million, encompasses operating capacities of 4.61GW of gas-fired power generation and 1.11 million cubic meters per day (m3/day) of water desalination facilities, as well as the related operations and maintenance companies in Kuwait and Bahrain.
ACWA Power signs SAR 2.6B deal to acquire power, water assets in Kuwait, Bahrain
ACWA Power Co.signed an agreement to acquire power and water assets in Kuwait and Bahrain for 2.6 billion riyals ($693 million). For more news
Saudi ACWA Power acquires assets in Kuwait and Bahrain for $693mln
ACWA Power will acquire ENGIE's shares in the four key operating assets. This includes an 18% stake in the Az Zour North (IWPP) in Kuwait, alongside 45% stakes in both the Al Ezzel (IPP) and Al Dur (IWPP) projects, as well as a 30% stake in the Al Hidd (IWPP) facility, all situated in Bahrain.
ACWA Power Secures $693 Million Deal for Kuwaiti and Bahraini Assets
Dubai Saudi Arabia’s ACWA Power has entered into a definitive agreement to acquire significant stakes in power generation and water desalination assets from French utility developer ENGIE. The transaction,
pv magazine International3d
ACWA Power building hydrogen bridge between Europe and Middle East, North Africa
In an exclusive interview with pv magazine, ACWA Power CEO Marco Arcelli said the Saudi energy giant is currently exploring ...
Hosted on MSN2d
ACWA Power to develop 2GW wind project in Egypt
ACWA Power has signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2GW wind project in Egypt. The project, valued $2.3bn, will be the ...
Energy Central4d
ACWA Power signs agreement to build 2-GW wind farm in Egypt’s Hurghada
Saudi utility giant ACWA Power has signed a power purchase agreement with the Egyptian Electricity Transmission Company (EETC ...
Trend News Agency2d
Egypt to get largest wind farm with ACWA Power's new 2GW project
BAKU, Azerbaijan, February 21. ACWA Power has signed a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity ...
Arabian Business3d
ACWA Power signs $2.3bn deal for Egypt’s largest wind farm
The PPA with the Egyptian Electricity Transmission Company includes a 2.0 GW Wind Project, exceeding ACWA Power's current 1.1 ...
اخبار 243d
Saudi Electricity Company and ACWA Power Sign Power Purchase Agreement for 3,010 MW Qurayyah IPP Expansion Project Worth SAR 13.4 Billion
The Saudi Electricity Company (SEC) and ACWA Power have announced the signing of a Power Purchase Agreement (PPA) for the ...