Monday 25 May 2015
 
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ACWA Power

Acwa gets $344m loan for Dubai solar project

Saudi Arabia's Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, UAE, chief executive Paddy Padmanathan said on Sunday. The 27-year amortising loan with an intere

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Acwa gets $344m loan for Dubai solar project

Saudi Arabia's Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, UAE, chief executive Paddy Padmanathan said on Sunday. The 27-year amortising loan with an intere

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Acwa wins $2bn Morocco solar power plant deal

A consortium led by Saudi Arabia's Acwa Power International has won a 1.7 billion euro ($2 billion) contract to build two solar power plants totalling 350 megawatts in the southern Moroccan city of Ouarzazate, the Moroccan solar energy agenc

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Saudi's Acwa wins $2bn Morocco solar power deal

A consortium led by Saudi Arabia's Acwa Power International has won a 1.7 billion euro ($2 billion) contract to build two solar power plants totalling 350 megawatts in the southern Moroccan city of Ouarzazate, the Moroccan solar energy agenc

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Saudi ACWA wins $100m equity investment

International Finance Corporation (IFC), a unit of the World Bank, has completed a SR375 million ($100 million) equity investment in Saudi Arabia-based water and power project developer ACWA Power. The investment will boost the am

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IFC to inject $100m into Saudi's ACWA Power

International Finance Corp (IFC), a unit of the World Bank, said it will invest up to $100 million in Saudi Arabia-based water and power project developer ACWA Power to boost its funding for renewable energy schemes. The investmen

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Acwa Power buys stake in UAE project

Saudi-based Acwa Power has entered into an agreement with Sumitomo Global Management Corporation, a subsidiary of Sumitomo Corporation, to acquire its 20 per cent stake in a UAE project. Acwa will buy the stake in Shuweihat CMS In

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Acwa Power plans $3bn in investments

Saudi Arabia's Acwa Power is pressing ahead with plans for a stock market listing and expects to invest over $3 billion in solar plants over the next five years, its chief executive said. Paddy Padmanathan told Reuters that Ac

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Saudi starts work on giant power plant project

Saudi-owned ACWA Power said it has started work on the largest independent power generation project in the world at Qurayyah on the eastern coast of the Kingdom. The project, to be developed on a BOO (build, own, operate) basis, will be lo

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Saudi Acwa Power raises $300m

Saudi Arabia's water and power project developer Acwa Power has signed an increase to its debut corporate facility, taking the final amount to the $300 million target, a statement from the company said on Sunday. JPMorgan Chase and Malayan

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