RIYADH: ACWA Power has signed a share purchase agreement for $130 million to sell its 49 percent stake in ACWA Power Uzbekistan Project Holding Co.
The agreement was made with CVXF Inc., a subsidiary of the Silk Road Fund of China, according to a bourse filing.
The company said the project is a 1,500 MW combined cycle gas-fired power plant in Uzbekistan’s Syrdarya region, being developed by ACWA Power on a “build, own, operate, transfer” model.
After months of marathon talks, Hamas has, for the first time, accepted a framework of…
The US president said Israel would withdraw from Gaza "as disarmament is completed" and called…
You've been dreaming about that summer break on the sun lounger, book in one hand…
Meanwhile, Saudi Arabia, the UAE, Qatar and other oil and gas exporting countries in the…
"Tom the Young Farmer" tells BBC Radio Shropshire how it's important to check in on…
Reports from the ground point to widespread damage to homes and civilian buildings, with search…