ACWA Power's[1] own news release, dated 3 February 2026, reports the signing in Riyadh witnessed by Saudi Energy Minister Prince Abdulaziz bin Salman; Zawya (4 Feb 2026) and Smart Water Magazine[5] (4 Feb 2026) report the same signing.
On 3 February 2026 an ACWA Power and Gulf Investment Corporation consortium signed a 25-year energy conversion and water purchase agreement worth about $4.1bn with Kuwait for 2,700 MW of gas power and up to 120 MIGD of seawater desalination at Az-Zour North phases 2 and 3.
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