Sunday 1 February 2015

Saudi's Acwa buys key stake in Jordan firm

Acwa Power International, a leading water desalination and power generation company in Saudi, said it has acquired a 65 per cent controlling stake in Jordan-based Enara Energy Investments. In addition to this, Acwa Power also ann


JD Capital divests 51pc stake in Jordan power firm

Jordan Dubai Capital (JD Capital) has sold its 51 per cent stake in the Central Electricity Generating Company (CEGCO), to Saudi firm ACWA Power for $144 million. ACWA Power is a major owner and operator of privately financed bulk water de


Amman power firm holds medical day

Jordan-based Central Electricity Generating Company (CEGCO) recently organised a free medical day for the residents of Hod Al-Diseh area in the Aqaba governorate. Fifteen pharmaceutical companies and warehouses participated in the event by


Enara buys 51pc of Jordan power firm

Enara (Energy Arabia) has announced the purchase of 51 per cent of Jordan’s Central Electricity Generating Company (CEGCO) for $320 million. The deal is considered to be the first privatisation activity in Jordan’s energy sector. E

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