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Acwa to Develop $1bn Power Plant.

Saudi Arabia’s Acwa to develop $1bn power plant in Turkey.

Acwa Power International, an independent developer of power projects based in Saudi Arabia, said its Turkish unit has inked a $1-billion deal to develop a combined-cycle gas turbine power plant near the Turkish city of Kirikkale.

The plant is being built by Acwa Guc Elektrik Isletme ve Yonetim Sanayi ve Ticaretower with a comprehensive long-term financing package arranged by the European Bank for Reconstruction and Development (EBRD).

Source:  Trade Arabia


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