ACWA Power acquires stakes in Middle East power and water assets from Engie for $690M
ACWA Power signed a share purchase agreement to acquire multiple stakes in power and water facilities in Kuwait and Bahrain from Engie for approximately $690 million, including stakes in Az Zour North, Al Dur, Al Ezzel, and Al Hidd.
Capacity
4.6 GW power generation, 1,114 k m³/day water desalination
Productselectricitydesalinated water
“ACWA Power Company signed share purchase agreement to acquire 17.5% stake in Az Zour North, 50% stake in Az Zour North O&M Company, 30% stake in Al Dur, 45% stake in Al Ezzel, 45% stake in Al Hidd facility and 100% stake in Al Ezzel O&M Company from Engie SA for approximately $690 million.”marketscreener.com
- 2 sources
- marketscreener.comACWA Power Company signed share purchase agreement to acquire 17.5% stake in Az Zour North, 50% stake in Az Zour North O&M Company, 30% stake in Al Dur, 45% stake in Al Ezzel, 45% stake in Al Hidd facility and 100% stake in Al Ezzel O&M Company from Engie SA for approximately $690 million.MarketScreenerFeb 18, 2025
- forbesmiddleeast.comACWA Power Strikes $693M Deal To Acquire Energy Assets In Kuwait And BahrainSana Tahir, Muhammad Addam, Mohamed Rashed Alkhalifa, Joyce AbañoFeb 19, 2025
Summarized from public sources; check the original articles before acting on it.
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