RIYADH: Moody’s Investors Service on Tuesday downgraded the rating of fixed rate amortizing senior secured bonds issued by ACWA Power Management and Investments One Ltd. to Ba1 from Baa3. The outlook remains stable, said a statement issued by the US credit rating agency. The $814 million of 5.95 percent fixed rate amortizing senior secured bonds are due in December 2039. The
RIYADH: On a macro level, power consumption in the US is expected to rise to a record high in 2022. Zooming in, a delegation from Saudi Arabia’s King Abdullah Petroleum Studies and Research Center attended a conference in Tokyo to discuss decarbonization and renewable energy challenges and opportunities. Looking at the bigger picture • US power consumption is expected to rise
ACWA Power and Emirates Water and Electricity Co. (EWEC) have commissioned the first phase of the Al Taweelah Independent Water Plant in the United Arab Emirates. The facility, which can produce more than
Emirates Water and Electricity Co. has included nuclear among the "clean energy" sources that will generate certificates in its upcoming auction.Emirates Water and Electricity Co. (EWEC) is set to hold
Emirates Water and Electricity Co. (EWEC ) has started accepting expressions of interest to develop a 1.5 GW solar project in Abu Dhabi.EWEC claimed that the 1.5 GW Al Ajban PV project, a greenfield solar