ACWA Power International, a Riyadh, Saudi Arabia-based investor in utilities, said it increased its stake in Jordan’s Central Electricity Generating Company.
ACWA Power bought a 25 percent share in Enara Energy Investments PSC, which owns 51 percent of CEGCO, from Malakoff Corp. Bhd of Malaysia, the Saudi company said in a statement e- mailed today.
The purchase will bring ACWA Power’s stake in Enara to 90 percent, according to the statement.
To contact the reporter on this story: Nayla Razzouk in Dubai at firstname.lastname@example.org
To contact the editor responsible for this story: Maher Chmaytelli at email@example.com