ACWA POWER Subsidiary Issues Full Award Notice to EPC Contractor for NEOM Green Hydrogen Project

NEOM Green Hydrogen Company (NGHC), an affiliate of ACWA Power announced on Thursday that following the LNTP announcement dated 4 April 2022 where ACWA Power participated with SAR 1.125 billion (USD 300m), and the successful financial close, the full notice to proceed (NTP) issued by NGHC to the EPC contractor has been accepted.

Following this development, ACWA Power’s SAR 1.125 billion (USD 300 million) contribution to the LNTP will now be considered as part of the equity contribution of ACWA Power to the project.