ACWA plans global growth after Oman deal
- From: Vol 11, Issue 9 (September 2010)
- Category: General
- Region: Middle East
- Country: Oman and Saudi Arabia
- Related Companies: ACWA Power, GdF Suez and Multitech
After taking its first step outside the Kingdom, the Saudi developer is now eyeing up further expansion prospects beyond the Gulf.
The head of Saudi Arabia-based ACWA Power International has laid out details of ambitious expansion plans after the company completed its first move outside the Kingdom with the acquisition of a 58% stake in the Barka 1 independent water and power project in Oman.
ACWA Power CEO Paddy Padmanathan told GWI that the company plans to more than double its ...
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