Saudi-based ACWA Power keen on investing over US$10bil in Malaysia


ACWA Power chairman Mohammad A. Abunayyan

RIYADH: Saudi Arabia-based renewable energy giant ACWA Power has expressed interest in investing more than US$10 billion (US$1=RM4.77) in Malaysia over a 10-year period.

Among the proposed projects are those to be undertaken through collaboration with a local company, Cypark Resources Bhd.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Hextar Capital wins RM60.4mil upgrading job
Muhibbah Engineering bags RM300mil EPCC contract
BIMB Investment launches shariah-compliant fund targeting small-cap stocks
Tanco receives UMA query after shares tumble 30%
Weak ringgit, regional rout weigh on Bursa Malaysia
Asia coal prices hit 2-year high on Indonesia export rules
Moody’s: South, Southeast Asia credit outlook stable despite US dollar strength
South Korea's KOSPI craters over 8% as Fed fears spark tech rout
Gold extends losses on US interest rate-hike fears
OCBC to offer physical gold trading, storage in Singapore

Others Also Read