ACWA Power, developer, owner, and operator of power generation and water desalination plants, has signed an MoU with China Energy Engineering Corporation Limited (ENERGY CHINA), an international engineering and EPC contracting provider
The framework agreement will enable both companies to explore joint investment opportunities and cooperate on power generation and water desalination projects across the Middle East and Asia where ACWA Power operates.
The MoU was signed by ACWA Power?s chairman, Mohammad Abunayyan and ENERGY CHINA?s chairman, Wang Jianping.
Commenting on the announcement, Abunayyan stated, ?Today?s MoU with Energy China is a great milestone that demonstrates our effort towards providing superior solutions within the power and water sector in the region and around the world. We are delighted to have partnered with a company that shares both our core values and ethos for change within the industry.?
?We are privileged to be here in Dubai and to have signed this MoU with an industry leader in the power and water sector,? added Jianping.
?With this agreement, we will strengthen the ties between China and the Middle East and unlock new potential power generation opportunities in the region.?
According to Paddy Padmanathan, president and CEO of ACWA Power, this MoU further demonstrates ACWA Power?s success in bringing the best in the market to the countries in which it operates. ?We believe this new partnership will allow us both to grow and to strengthen our relationship with China in the region.?
