ACWA Power, a developer, owner, and operator of power generation and water desalination plants, has signed a memorandum of understanding (MoU) with China Energy Engineering Corporation Limited (Energy China), an international engineering and EPC contracting firm, during a ceremony in Dubai.
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 Chairman Mohammad Abunayyan, and Energy China Chairman Wang Jianping, who were accompanied by high-level dignitaries, including senior officials from China’s public sector, as well as senior business executives and professionals from China Gezhouba Group Company (CGGC).
Abunayyan said: “Today’s MoU with Energy China is a great milestone that demonstrates our effort toward 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.”
Jianping said: “With this agreement, we will strengthen the ties between China and the Middle East and unlock new potential power generation opportunities in the region.”
