Saudi’s PIF to raise stake in Acwa Power
20 Feb 19 by Carl Myers
Saudi Arabia’s Public Investment Fund (PIF) is to raise its stake in Acwa Power to 40 per cent up from 25 per cent, reports Reuters.
The Saudi government’s goal is to increase the fund’s assets to $600 billion, up from the current $360 billion. This will include investing in renewable energy such as solar power and other renewables, recycling and technology companies.
PIF has a wide-ranging portfolio of investments which includes shares in Tesla, Lucid Motors and Uber.
Login on register to comment
A world leader committed to preserving resources through desalination and reuse
The Group designs
Leading expert delivers online masterclass on membrane fouling
There is only one week left to register for this exciting new format of online event and deepen your understanding of membrane fouling in only one hour.
Singapore International Water Week Turns 10 Years: Celebrating a Decade of Accomplishment in the Global Water Industry
The Singapore International Water Week (SIWW) is the world's premier platform to connect the water industry for innovative solutions and sustainable urban water management. The biennial event gathers stakeholders from the global water industry to share best practices
Related supplier content
Xylem reuse system to up potable water supply in Los Angeles
Water technology company
Sterlitech offers new ultrafiltration membranes
Laboratory products and membrane testing firm Sterlitech is offering Synder Filtration's recently developed ultrafiltration membranes
Osmoflo reports concentrate reduction success
Australian desalination company Osmoflo has reported success with site tests of its concentrate reduction technology for reverse osmosis (RO) plants. The firm said its Brine Squeezer system increased recovery from 80% to 95% in a mine wastewater recovery pilot.