ACWA Power receives commercial operation certificate for Shuaa Energy 3 project

16/05/2024 Argaam
Logo ofACWA Power Co.

Logo of ACWA Power Co.

ACWA Power Co. received, on May 15, a notice from Shuaa Energy 3 regarding the granting of the commercial operation certificate for a project in Dubai.

 

In a statement to Tadawul, the company said the third phase of the Shuaa Energy 3 project added 300 megawatts (MW), reaching a total capacity of 900 MW upon completion.

 

The financial impact of the phase is expected to be reflected in Q3 2024 results.

 

ACWA Power holds a 24% stake in Shuaa Energy 3 project.

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