Saudi Arabia's ACWA Power plans $10 billion of investments in 2020: CEO

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Saudi Arabian utility developer ACWA Power is planning to invest about $10 billi...

FILE PHOTO: Saudi Acwa Power-generating windmills are pictured in Jbel Sendouq, on the outskirts of Tangier, Morocco, June 29, 2018. REUTERS/Youssef Boudlal

The company, which builds power and desalinated water plants and has 50% of its portfolio in Saudi Arabia, plans to expand into new markets, Paddy Padmanthan told Reuters on the sidelines of an energy event in Abu Dhabi. “We have won two renewable energy projects this year which together will produce 300 mega watts, they will run in parallel and be worth about $500 million of investments,” he said.

 

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Oπnion:- Promising development and probably above average compared to their peers* on a global scale. Thanks for publishing. *based on market capitalization

I heard those cause cancer!

I’m telling Trump.

. So they sell us oil to pollute our air and they use cancer causing wind mills? NancyPelosi AdamSchiff DonaldTrump Soliemani Iran impeachment Ukraine GOP MAGA WhiteHouse Fox FoxNews FBR FBRParty BlueWave

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