Engie Exits Kuwait, Bahrain

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.
ENGIE strengthens its strategic focus with divestment of power and water desalination assets in Kuwait and Bahrain
In Kuwait, ENGIE will divest its 17.5% shareholding in Az Zour North, a 1.5 GW capacity gas and desalination plant, capable of producing 107 million imperial gallons of water daily (MIGD). ENGIE will also divest its 50% stake in Az Zour North O&M company.
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.
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.
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 .
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
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.
The Financial Times24d
Middle East becomes fastest-growing renewables market outside China
EDF and Engie. The wider Middle East, including Iran, Iraq, Israel, Lebanon, Jordan and Syria, is far behind Europe, the US and China in using renewable energy. Some content could not load.
Engie: Earnings Reversal Could Bring About Excellent Returns
Engie (ENGIY) is a complex integrated utility and is transitioning towards regulated electricity and renewables. See why I rate the stock a buy.
Al-Monitor2y
Abu Dhabi’s Mubadala to develop electric car charging stations with France’s ENGIE
Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision ...