Saudi Arabia’s utility giant ACWA Power has agreed to buy the stakes of France’s Engie in four gas-fired power plants and water desalination facilities in Bahrain and Kuwait for a combined $693 million. The acquisition, viewed as strategic by the Saudi group, includes an operating capacity of 4.61 gigawatts (GW) of gas-fired power generation and
Saudi Arabia’s integrated utility ACWA Power has signed a share purchase agreement (SPA) with the regional subsidiary of French utility developer ENGIE, to acquire assets worth $693 million, and marking its entry in Kuwait. The acquisition 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,
Pune: The state forest department’s local division now plans to reclaim 14,000 hectares of its land still with the revenue department in the district.The revenue department earlier managed over 35,000 hectares of land given to it by the forest department for planting and overseeing. The partnership’s lease agreement ended in 2008, resulting in the forest
West Coast Machinery Inc. has announced it has acquired the Strathroy, Ontario-based Shear Power Corp. As the parent company of ShearForce Equipment and Work Truck West, the acquisition strengthens West Coast Machinery’s position in the equipment industry, expanding its reach and capabilities across Canada. “The acquisition of Shear Power Corp. is exciting news” said