April 19, 2025
Operating Assets

Saudi Utility Giant Buys Engie Energy Assets in Kuwait and Bahrain

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

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Operating Assets

Saudi ACWA Power acquires assets in Kuwait and Bahrain for $693mln

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,

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