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ACWA Power Company announces that it has received a notification from the Project Company stating that it has received the Project Commercial Operation Certificate for the Shuaa Energy 3 P.S.C
| Element List | Explanation |
|---|---|
| Announcement Detail | ACWA Power Company announces that it has received on the 15th of May 2024 a notice from Shuaa Energy 3 P.S.C project company located in Dubai, United Arab Emirates stating that it has been granted the Project Commercial Operation Certificate of Phase C of Shuaa Energy 3 project. Phase C included an additional 300MW of the total project capacity. The complete plant achieved commercial operation with a total capacity of 900MW. ACWA Power owns a 24% stake in Shuaa Energy 3 project. The Company expects financial impact to be reflected in Q3 2024. |
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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