Industry News
ACWA Power Reaches Financial Close for Rabigh 2 IPP Expansion with Chinese Lenders
Al-Morjan Two Electricity Company has achieved financial close for the SAR 9.69 billion Rabigh 2 IPP Expansion Project in Saudi Arabia. ACWA Power holds a 40 percent equity stake in the 2,313.5 MW gas-fired facility. Debt financing was backed by a syndicate including major Chinese commercial banks.
