# 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.

- Type: Acquisition
- Announced: 2025-02-19
- Where: Kuwait and Bahrain, Kuwait
- Value: $690.0M
- Status: announced
- Capacity: 4.6 GW power generation, 1,114 k m³/day water desalination
- Products: electricity, desalinated water
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Kahrabel FZE](https://endata.com/companies/998.md) (target)
- [Engie](https://endata.com/companies/999.md) (partner)
- [Engie](https://endata.com/companies/999.md) (target)
- [ACWA Power](https://endata.com/companies/5576.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ACWA-POWER-COMPANY-128645070/news/ACWA-Power-Company-signed-share-purchase-agreement-to-acquire-17-5-stake-in-Az-Zour-North-50-stak-49100006/), 2025-02-18: "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."
- [forbesmiddleeast.com](https://forbesmiddleeast.com/industry/energy/saudis-acwa-power-to-acquire-power-generation-desalination-assets-in-kuwait-and-bahrain-for-$693m), 2025-02-19: "ACWA Power has signed a share purchase agreement to acquire power generation and desalination assets in Kuwait and Bahrain from a subsidiary of French energy giant Engie SA for $693 million."

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