ACWA Power signs $125m finance deal to fund its pipeline of future projects

ACWA Power signs $125m finance deal to fund its pipeline of future projects

ACWA Power, the Riyadh-headquartered developer and operator of power generation and desalinated water production plants, has signed a $125 million financing deal with the Arab Petroleum Investments Corporation (APICORP), it was announced on Monday.

The five-year Shariah-compliant corporate facility will be used by ACWA Power to develop its pipeline of future projects.