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Asharq Al-Awsat

Business

Riyadh - Asharq Al-Awsat

ACWA Power-led Consortium Reaches Financial Close for $1.302 Billion Red Sea Project

ACWA Power Red Sea China Saudi Arabia

The consortium had been selected to design, build, operate and transfer the Red Sea Project’s utilities infrastructure and relies entirely on renewable energy for power generation, water production. (Asharq Al-Awsat)

A consortium led by ACWA Power has reached financial close for the $1.302 billion Red Sea multi-utilities project in Saudi Arabia.

ACWA Power, in consortium with China’s SPIC Huanghe Hydropower Development Company and Saudi Tabreed Cooling Company, reached financial close for the senior debt facilities for the project.

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One subscription that gives you access to news from hundreds of sites

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FL Declares Emergency in 25 Counties as Gulf Depression Could Become Season's First Hurricane, Residents Warned

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