ACWA Power consortium secures $4.1bn deal for Kuwait Az-Zour North IWPP Project

Witnessed by His Royal Highness Prince Abdulaziz bin Salman, Saudi Minister of Energy, Acwa, the world’s largest private water desalination company, a leader in energy transition and first mover into green hydrogen, and Gulf Investment Corporation (GIC), announced the signing of the Energy Conversion and Water Purchase Agreement (ECWPA) for the Az-Zour North Phase 2 & 3 Independent Water and Power Producer (IWPP) project in southern Kuwait for a period of 25 years, with the Ministry of Electricity, Water and Renewable Energy (MEWRE) of…