The MoU for the wind project was signed in March 2019/ACWA Power
by Kudakwashe MuzoriwaSaudi-based ACWA Power has signed a 20 years power purchase agreement (PPA) with the Ministry of Energy of Azerbaijan to develop, build and operate a 240 MW wind power project.
Paddy Padmanathan, the Chief Executive Officer of ACWA Power, said, “We are pleased to sign this implementation agreement with the Government of Azerbaijan, which expands our geographic footprint of operations into this culturally rich and economically vibrant country straddling Europe and Asia.”
“ACWA Power’s entry into the Azerbaijani market confirms our strong belief in the development of public private partnerships in the country’s power sector,” said Rajit Nanda, the Chief Investment Officer of ACWA Power.
MOST READ
INVESTMENT
Oil drops 31 per cent as price war erupts...INVESTMENT
India seizes Yes Bank, limits withdrawalsINVESTMENT
ING Groep plans to sell its Turkish unitINVESTMENT
Bahrain considers stake sell in oil assetsINVESTMENT
SABB seeks to boost corporate lendingINVESTMENT
UBS launches new private client programINVESTMENT
Dubai’s W Motors seeks funds to go electricINVESTMENT
Egypt plans to resume IPOs of parastatalsINVESTMENT
HSBC considering exiting from TurkeyINVESTMENT
Zimbabwe turns to UAE to sell a stake in...INVESTMENT
Dubai's DP World buys 44 per cent stake in...
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
