Engie Exits Kuwait, Bahrain

Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets
Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE , according to a joint statement on Wednesday.
ACWA to acquire ENGIE’s assets in Bahrain and Kuwait for $693m
Saudi Arabia-based energy company ACWA Power has signed a share purchase agreement with the regional subsidiary of French utility developer ENGIE to acquire assets located in Bahrain and Kuwait valued at $693m.
Engie Exits Kuwait, Bahrain With $693 Million Sale to Saudi Firm
France’s Engie SA agreed to sell its power and water assets in Kuwait and Bahrain to Acwa Power Co. for $693 million.
Saudi Utility Giant Buys Engie Energy Assets in Kuwait and Bahrain
ACWA Power has acquired Engie's stakes in four gas-fired power and water desalination plants in Bahrain and Kuwait for $693 million.
ACWA Power Secures $693 Million Deal For Kuwaiti And Bahraini Assets
Dubai Saudi Arabia's ACWA Power has entered into a definitive agreement to acquire significant stakes in power gener
Engie stock rises on asset sale to ACWA Power
Engie is divesting its 17.5% stake in the 1.5 GW Az Zour North gas and desalination plant in Kuwait, along with its 50% stake in the associated operations and maintenance company. Additionally, the company is selling its interests in Bahrain, which include a 45% stake in the Al Dur 1.2
ACWA Power expands in Gulf with $693mn deal for Bahrain, Kuwait assets
The acquisition, estimated at a cost of $693 million, encompasses operating capacities of 4.61GW of gas-fired power generation and 1.11 million cubic meters per day (m3/day) of water desalination facilities, as well as the related operations and maintenance companies in Kuwait and Bahrain.
Acwa Power buys Bahrain, Kuwait strategic utility assets for $693m
Acwa Power, the world's largest private water desalination company, leader in energy transition, and first mover into green hydrogen, has announced the signing of a share purchase agreement with the regional subsidiary of French utility developer Engie, to acquire prime assets in key GCC markets of Bahrain and Kuwait for $693 million.
ACWA Power expands portfolio with strategic acquisition of assets in Bahrain and Kuwait
By making its inaugural entry into the Kuwaiti market through this acquisition, ACWA Power bolsters its presence in the regional energy and water sectors. Riyadh, Kingdom of Saudi Arabia: ACWA Power,
Engie sells Kuwait, Bahrain assets to ACWA Power for $693 million
Engie, the French utility, has agreed to sell its stakes in power and water desalination plants in Kuwait and Bahrain to ACWA Power for $693 million. The deal marks Engie's exit from both countries and aligns with its net-zero emissions target by 2045 .
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ACWA Power building hydrogen bridge between Europe and Middle East, North Africa
In an exclusive interview with pv magazine, ACWA Power CEO Marco Arcelli said the Saudi energy giant is currently exploring ...
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Saudi ACWA Power acquires assets in Kuwait and Bahrain for $693mln
ACWA Power will acquire ENGIE's shares in the four key operating assets. This includes an 18% stake in the Az Zour North ...