ACWA Power discusses doubling its investments in UAE to $30 ‎bln

Paddy Padmanathan, CEO of ACWA Power, revealed that the company is looking to double the value of its investment portfolio in the UAE to $30 billion.

According to Al-Sharq, Padmanathan confirmed in an interview on the sidelines of the World Energy Forum held in Abu Dhabi on January 14 and 15,

The value of ACWA Power’s portfolio of projects in the United Arab Emirates is currently close to $10 billion; “It is an attractive and stable investment destination, and we see great opportunities available, and we will certainly invest more, as we would like to see our investments in the UAE increase threefold over the next ten years.”