# ACWA Power acquires 4.99% stake in Hajr Electricity Production Company from Samsung C&T

ACWA Power signed a share purchase agreement to acquire 4.99% of Samsung C&T's shares in Hajr Electricity Production Company (HEPC), the project company for the Qurayyah Independent Power Plant in Saudi Arabia, increasing ACWA Power's stake from 17.5% to 22.49%.

- Type: Acquisition
- Announced: 2020-06-08
- Where: Qurayyah, Saudi Arabia
- Status: announced
- Capacity: 3,927 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Samsung C&T](https://endata.com/companies/4037.md) (target)
- [ACWA Power](https://endata.com/companies/5576.md) (acquirer)
- [Hajr Electricity Production Company](https://endata.com/companies/47737.md) (target)

## Sources

- [acwapower.com](https://acwapower.com/en/media-center/latest-news/acwa-power-acquires-499-of-samsung-ct-s-share-in-hajr-electricity-production-company/), 2020-06-08: "ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, signed a share purchase agreement with Samsung C&T to acquire 4.99% of its shares, with an option to purchase the remaining stake of Samsung C&T in Hajr Electricity Production Company (HEPC)"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.