News / ACWA Power and APICORP announce a transaction concerning a minority stake in Shuqaiq IWPP

ACWA Power and APICORP announce a transaction concerning a minority stake in Shuqaiq IWPP

🕔 April 28, 2017
E.on closes sale of Uniper stake for EUR 3.8bn

ACWA Power, a developer, owner and operator of independent power generation & water desalination plants, and Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), announced the signing of a sale and purchase agreement in respect of an 8% effective stake in Shuqaiq Independent Water & Power Project (Shuqaiq IWPP) in Saudi Arabia.


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