Bloomberg News

Saudi Arabia’s ACWA Power Increases Stake in Jordan’s CEGCO

April 01, 2012

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 nrazzouk2@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net


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