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ACWA Power acquires power generation, water desalination assets worth SAR 2.6 Billion

ACWA Power acquires power generation, water desalination assets worth SAR 2.6 Billion

Argaam19-02-2025
ACWA Power Co. signed an agreement to complete the acquisition of power generation assets (4.6 GW combined cycle) and water desalination assets (1,114k m3/day), along with related operation and maintenance companies, from Kahrabel FZE, a subsidiary of the French company Engie, in both Kuwait and Bahrain, with a total value of SAR 2.59 billion (USD 693 million).
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