ACWA POWER Co. Announces its selection as preferred bidder for two projects in Indonesia.

Element ListExplanation
Announcement Detail ACWA POWER Co. announces receipt of the notification letter on 29th April 2022 as the Preferred Bidder to develop two solar PV projects in Indonesia, namely:

1) Singkarak Floating PV 50 MWac, located in Sumatera

2) Saguling Floating PV 60 MWac, located in Java.

The offtaker for both projects will be PLN, a government-owned national utility. ACWA Power will now work with the relevant stakeholders to take this project towards final award stage, and any developments in this regard will be announced in due course.

Financial impact of this development is not applicable at this stage.

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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