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Saudi Arabia’s Acwa Power has completed the acquisition of power generation and water desalination assets in Kuwait and Bahrain from French utility company Engie.
The assets include a gas-fired power plant with capacity of 4.6 gigawatts (GW), water desalination assets with capacity of 1.1 million cubic feet per day, and related operation and maintenance (O&M) companies in Bahrain and Kuwait, Acwa Power said in a statement to the Saudi stock exchange.
In Kuwait, Acwa Power will acquire Engie’s 17.5 percent stake in the 1.5GW gas…
