Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets
ReutersFeb 19, 2025 6:00 AM
DUBAI, Feb 19 (Reuters) - Saudi Arabia's ACWA Power 2082.SE plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE ENGIE.PA, according to a joint statement on Wednesday.
The share purchase agreement covers operating capacities of 4.61 GW of gas-fired power generation and 1.11 million cubic meters per day (m3/day) of water desalination facilities, the companies said in a statement.
It also includes the related operations and maintenance companies in Kuwait and Bahrain, it added.
Completion of the transaction is subject to customary regulatory and other stakeholder approvals.
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