ACWA Power acquires Bahrain CCGT assets

• 13 hours ago (2025-12-24)
• David Flin

Gas 445 Middle East 359

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ACWA Power has completed its acquisition of Engie ’s stakes in gas-fired power generation and water desalination assets in Bahrain, along with the related O&M companies. The total acquisition price for the assets, including those in Kuwait, is $693 million.

The portfolio consists of a 45 per cent equity stake in Al Ezzel IPP (940 MW CCGT), 45 per cent in Al Dur IWPP (1220 MW CCGT and a seawater reverse osmosis desalination facility), a 30 per cent stake in Al Hidd IWPP (930 MW CCGT and multi-stage flash desalination facility), as well as 100 per cent ownership of Al Ezzel O&M.

The Kuwait portfolio includes a 17.5 per cent equity stake in Az Zour North IWPP (1520 MW CCGT and desalination plant) as well as 50 per cent ownership of Az Zour North O&M.

The combined portfolio represents a total capacity of approximately 4.6 GW of gas-fired power generation.

ACWA Power said that these assets are fully operational and well-maintained and will immediately add to its operating portfolio.