ACWA to acquire ENGIE's assets in Bahrain and Kuwait

Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets
Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE , according to a joint statement on Wednesday.
ACWA Power Secures $693 Million Deal For Kuwaiti And Bahraini Assets
Dubai Saudi Arabia's ACWA Power has entered into a definitive agreement to acquire significant stakes in power gener
ACWA Power expands in Gulf with $693mn deal for Bahrain, Kuwait assets
The acquisition, estimated at a cost of $693 million, 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, as well as the related operations and maintenance companies in Kuwait and Bahrain.
ACWA to acquire ENGIE’s assets in Bahrain and Kuwait for $693m
Saudi Arabia-based energy company ACWA Power has signed a share purchase agreement with the regional subsidiary of French utility developer ENGIE to acquire assets located in Bahrain and Kuwait valued at $693m.
ACWA Power secures key gas and water assets in Kuwait, Bahrain
The agreement grants ACWA Power stakes in four key projects: an 18% stake in the Az Zour North Independent Water and Power Project (IWPP) in Kuwait, 45% stakes in the Al Ezzel and Al Dur IPPs in Bahrain, and a 30% stake in the Al Hidd IWPP.
Engie Exits Kuwait, Bahrain With $693 Million Sale to Saudi Firm
France’s Engie SA agreed to sell its power and water assets in Kuwait and Bahrain to Acwa Power Co. for $693 million.
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