Saudi utility ACWA Power secured SR12.8 billion ($3.4 billion) non-recourse financing for two gas-fired plants, adding 3.6 GW capacity. ACWA holds 35% stakes alongside Saudi Electricity Co. and Korea Electric Power Corp. The 28-year debt package involves major banks. ACWA expands conventional and renewable projects to meet Saudi Vision 2030, including Solar plants and a green hydrogen project in Neom.
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