PIF-owned ACWA Power sells $105m stake in Saudi desalination plant

RIYADH: PIF-owned ACWA Power has sold its 32-percent stake in a Shuqaiq Water and Electricity Co. at SR391.5 million ($105 million), it said in a bourse filing. Dated back to 2011, Shuqaiq IWPP, which is owned and operated by the company at stake, has 850 megawatt power and 212,000 cubic meters per day water desalination capacity. The move is part of the utility giant’s

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