Acwa Power, a global utility leader, said it has successfully completed the acquisition of French energy major Engie’s strategic gas-fired power generation and water desalination assets in Kuwait and Bahrain along with the related O&M companies for $693 million.
Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa.
Saudi utility giant Acwa Power has announced the financial close of the SAR9.69 billion ($2.5 billion) Rabigh 2 IPP Expansion Project, a 2,313MW combined-cycle power plant in the kingdom’s Western Province.
The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has partnered with The Boring Company (TBC), the advanced tunnelling and infrastructure technology company founded by Elon Musk, to explore underground transport, utility tunnels, and related infrastructure solutions across the emirate.
