Saudi-based Acwa Power has announced the financial close for the Shuaibah 3 IWP, a mega reverse osmosis desalination facility, at a total investment cost of $821 million. Acwa is setting up the plant in a joint venture with Saudi utility company Badeel.
GS Inima, a global leader in the water sector, said it has reached a €135 million ($138 million) financial closure for Barka V desalination plant being developed by Oman Power and Water Procurement. The project is due to be commissioned in mid-2024.
Saudi-based Acwa Power, a leader in power generation and water desalination plants, has announced the financial close of senior debt facilities worth $1.3 billion for the Red Sea Multi-Utilities Project in partnership with a consortium of financiers.
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