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ACWA Power Company announces the beginning of the Plant Commercial Operation for the Hassyan Energy Project.
| Element List | Explanation |
|---|---|
| Announcement Detail | ACWA Power Company announces that it has received from Dubai Electricity & Water Authority (DEWA) on 23 November 2023 the Plant Commercial Operation certificate for the 2,400 MW Hassyan Energy Project. With this achievement, the last 600 MW Power Unit joins the three previous 600 MW Power Units that entered into commercial operation in earlier stages. ACWA Power owns a net stake of 26.95% in Hassyan Energy Phase 1, P.S.C. The financial impact of achieving the full capacity will be reflected from Q4 2023 onwards. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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