A consortium led by ACWA Power International has entered into a power purchase agreement with Saudi Electricity Company (SEC) to finance, build and operate the Rabigh 2 power project, said the company in a statement on Saturday.
Saudi-based ACWA Power International said it has successfully completed the deal to purchase a 58 per cent stake in the Barka 1 Independent Water and Power Project (IWPP) in Oman.
ACWA, a leading developer, owner and operator of power gene
Saudi Arabia's ACWA Power International has secured $2 billion financing for its Rabigh power plant projects, its chief executive said on Monday.
ACWA has secured $1.4 billion of that financing from Saudi banks and the remainder from a