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Divestment of Power and Water Desalination Assets

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

Source: Smart Water Magazine

Project
Awarded

ENGIE has signed a Sale and Purchase Agreement to divest its shareholding in various power and water desalination assets in Kuwait and Bahrain to ACWA Power. This includes a gas and desalination plant in Kuwait and multiple gas power and desalination assets in Bahrain, marking ENGIE's exit from these markets as part of its commitment to achieving net zero by 2045.

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The project “Divestment of Power and Water Desalination Assets” is an infrastructure initiative in the Water Supply and Storage sector, located in Kuwait and Bahrain. Taiyo aggregates data on it from Smart Water Magazine.

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Description

Description

ENGIE has signed a Sale and Purchase Agreement to divest its shareholding in various power and water desalination assets in Kuwait and Bahrain to ACWA Power. This includes a gas and desalination plant in Kuwait and multiple gas power and desalination assets in Bahrain, marking ENGIE's exit from these markets as part of its commitment to achieving net zero by 2045.

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