Silk Road Fund gets 49% stake in Saudi Arabia’s ACWA Power

ACWA Power, a developer, owner and operator of power generation and water desalination projects has signed an agreement with the Silk Road Fund for a 49 per cent stake in the company. With this agreement, the Silk Road Fund will be the official partner and shareholder in ACWA Power Renewable Energy Holding Limited. The Silk Road Fund is a medium to long-term development and investment fund established in Beijing in December 2014, under the framework of the Belt and Road Initiative.

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