PROJECTS: ACWA Power inks $1.45bln agreements to expand Africa footprint
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Saudi Arabia’s ACWA Power has signed $1.45 billion in agreements with the International Finance Corporation (IFC) to enhance clean energy and water projects in Africa. The agreements include a $1 billion framework for financing and advisory services and a non-binding agreement for an equity investment platform targeting renewable energy projects in Sub-Saharan Africa. Additionally, ACWA Power has partnered with the OPEC Fund for International Development for financing support and signed a Memorandum of Understanding with Chariot Limited to develop a utility-scale energy platform for the Southern African Power Pool.
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