ACWA Power Company announces an update to the acquisition of power generation and water desalination assets in Kuwait and Bahrain with a total power capacity of 4.6 GW and total desalinated water capacity of 1.1 million cubic meters per day.
| Element List | Explanation |
|---|---|
| Previous Announcement | ACWA Power Company announces acquisition of power generation and water desalination assets in Kuwait and Bahrain |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-02-19 Corresponding to 1446-08-20 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | ACWA Power Company announces the successful completion of the acquisition of gas-fired power generation assets with a capacity of 4.6 GW, water desalination assets with a capacity of 1.1 million m³ per day, and related O&M companies in Bahrain and Kuwait from a subsidiary of Engie SA.
The completion of the transaction follows the satisfaction of all conditions precedent stipulated in the Sale and Purchase Agreement (SPA), including the receipt of all necessary regulatory approvals in Bahrain. As for Kuwait assets, a few customary technical conditions are remaining, following which the transaction will be finalized. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NA |
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