Aqua Energy emblem
Publicly introduced firm Aqua Energy In regards to the achievement of its subsidiary, Hajer II Electrical energy Firm, the monetary closure of the growth challenge of the Al-Qurayyah station for unbiased mixed cycle manufacturing of electrical energy, situated within the Jap Province of the Kingdom of Saudi Arabia, with a manufacturing capability of three,010 megawatts.
The corporate stated in an announcement on Tadawul that the worth of the financing is 10.8 billion riyals ($2.9 billion), and its period is roughly 28 years, and its goal is to develop, construct, personal and function a gasoline station to provide electrical vitality utilizing the mixed cycle system, primarily based on the truth that the financing was obtained on October 16, 2025.
She defined that the financing was offered by an alliance of native, regional and worldwide lenders, together with: Nationwide Financial institution of Saudi Arabia, First Saudi Financial institution, Banque Saudi Fransi, Saudi Funding Financial institution, Nationwide Arab Financial institution, Abu Dhabi Industrial Financial institution, HSBC Financial institution, Boubyan Financial institution, Industrial Financial institution of Dubai, Riyad Financial institution, Customary Chartered Financial institution, Sumitomo Mitsui Belief Financial institution, Ajman Financial institution, Nationwide Financial institution of Kuwait, Financial institution of Korea. For Improvement, Alinma Financial institution, Eurobank.
She acknowledged that the ensures offered in alternate for financing are a restricted assure on ACWA Energy’s share of the reserve liquidity and the reserve account, noting that there are associated events, specifically the Saudi Electrical energy Firm and the Nationwide Financial institution of Saudi Arabia.
In line with knowledge numbersOn February 19, 2025, the Saudi Electrical energy Firm and ACWA Energy had signed an influence buy settlement with the Saudi Power Buy Firm – the principle purchaser, to buy vitality for the growth challenge of the Al-Qarya station for unbiased manufacturing of electrical energy on the mixed cycle system, at a worth of 13.4 billion riyals, and the possession of the 2 firms within the challenge is about 40% every.
