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Acquisition of Engie's Gas-fired Power Generation and Water Desalination Assets in Bahrain and Kuwait by ACWA Power

Sector: Water Supply and Storage • Location: Bahrain, Kuwait

Source: ZAWYA

Project
Completed

Saudi-based ACWA Power completed the strategic acquisition of French energy major Engie's stakes in gas-fired power generation and water desalination assets in Bahrain and Kuwait. The Bahrain portfolio includes equity stakes in Al Ezzel IPP, Al Dur IWPP, Al Hidd IWPP, and full ownership of Al Ezzel O&M Co. The Kuwait portfolio includes equity stakes in Az Zour North IWPP and ownership in Az Zour N

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The project “Acquisition of Engie's Gas-fired Power Generation and Water Desalination Assets in Bahrain and Kuwait by ACWA Power” is an infrastructure initiative in the Water Supply and Storage sector, located in Bahrain, Kuwait. Taiyo aggregates data on it from ZAWYA.

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Description

Description

Saudi-based ACWA Power completed the strategic acquisition of French energy major Engie's stakes in gas-fired power generation and water desalination assets in Bahrain and Kuwait. The Bahrain portfolio includes equity stakes in Al Ezzel IPP, Al Dur IWPP, Al Hidd IWPP, and full ownership of Al Ezzel O&M Co. The Kuwait portfolio includes equity stakes in Az Zour North IWPP and ownership in Az Zour North Operations & Maintenance Co. The combined capacity is 4.6 GW of gas-fired power generation and 1.1 million cu m/day of water desalination. The total consideration was $693 million before customary purchase price adjustments.

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