ACWA Power, a developer, owner, and operator of power generation and water desalination plants, has signed a Memorandum of Understanding (MoU) with China Energy Engineering Corporation Limited (Energy China) during a ceremony in Dubai. The framework agreement will enable both companies to explore joint investment opportunities and cooperate on power generation and water desalination projects across the Middle East and Asia.
Mohammad Abunayyan, Chairman of ACWA Power, said: “Today’s MoU with Energy China is a great milestone that demonstrates our effort toward providing superior solutions within the power and water sector in the region and around the world. We are delighted to have partnered with a company that shares both our core values and ethos for change within the industry.”