ACWA Power Chairman Mohammad Abunayyan


Saudi Arabia’s International Company for Power and Water Projects (ACWA Power) has 4 tasks in Uzbekistan with financial investments worth more than $4 billion, Asharq television reported, mentioning Chairman Mohammad Abunayyan.

He included the jobs belong to the generation of electrical power from gas and renewable resource from wind, suggesting that Uzbekistan has a number of chances and significant abilities.

In April, ACWA Power revealed the effective monetary closure for the advancement, building and construction and operation of the 1500 MW Sirdarya Combined Cycle Gas-Turbine (CCGT) power plant in Uzbekistan, Argaam previously reported.

Last Thursday, the business revealed its prospectus to deal 81.2 million shares, representing 11.1%of the business, in a going public (IPO) on the Saudi Exchange ( Tadawul).

The business will offer 81.2 million shares to raise its capital to SAR 7.311 billion from SAR 6.457 billion.