JEDDAH – ACWA Power International, a Riyadh-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, ACWA said in a statement Sunday.
The purchase will bring ACWA Power’s stake in Enara to 90 percent, it said.
CEGCO is the largest power generator in Jordan, with seven power generation complexes nationwide totaling about 1700MW of installed power capacity. – SG