ACWA Power, along with Samsung C&T and MENA Fund sign 3927 MW Qurayyah Independent Power Project Agreements with SEC
A consortium led by ACWA Power International (ACWA Power), and including Samsung C&T and MENA Fund, entered on Wednesday 21 September 2011 into a series of agreements with Saudi Electricity Company (SEC) for the development of the Qurayyah Independent Power Project (IPP). The project, to be developed on a BOO (build, own, operate) basis, will be located at Qurayyah, on the eastern coast of Saudi Arabia, adjacent to existing SEC facilities.
