Middle East Economic Survey


No 35



ACWA Power International Acquires 58% Stake in Barka 1 IWPP

ACWA Power International has announced the completion of the purchase of a 58% stake in the Barka 1 Independent Water and Power Project (IWPP) in Oman, under an agreement with The AES Corporation, IDB Infrastructure Fund and their subsidiaries. The transfer of funds to the sellers and simultaneous transfer of ownership to the purchasers was completed on 19 August. A 7% interest...