ACWA Power International announces the closing of its acquisition of a controlling stake in Jordan’s Central Electricity Generation Company (CEGCO) with IFC backing
On July 18, 2011, ACWA Power International (“ACWA Power”), the Saudi-based Water desalination and Power Generation Company completed its acquisition of a 65% controlling stake in Enara Energy Investments PSC (“Enara”) that in turn owns 51 percent of Jordan's Central Electricity Generating Co (“CEGCO”), Jordan's largest electricity producer.
