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When ACWA Power International was looking to advance its presence in Jordan, the regional leader in power generation and desalination turned to Capital Investments to serve as its financial advisor in the Kingdom.
Outcome
Capital Investments helped ACWA identify, negotiate, and finalize a lucrative business opportunity in Jordan, and in June 2011, ACWA announced that it had acquired a 51-percent stake in Jordan’s Central Electricity Generation Company (CEGCO) from Jordan Dubai Capital, at a cost of roughly USD144 million. Not only did this provide ACWA with a strong presence in Jordan, but it helped the Kingdom increase its electricity generation capacity, allowing the country to better meet growing local demand.
Not only did this provide ACWA with a strong presence in Jordan, but it helped the Kingdom increase its electricity generation capacity, allowing the country to better meet growing local demand.
