On July 17, Saudi International Power and Water Company (ACWA Power) and Southern Power Grid announced successively that on July 16, local time in Uzbekistan, Southern Power Grid International (Hong Kong) Limited completed the acquisition of 35% of the shares of two wholly-owned subsidiaries of ACWA Power.
On July 17, Saudi International Power and Water Company (ACWA Power) and Southern Power Grid announced successively that on July 16, local time in Uzbekistan, Southern Power Grid International (Hong Kong) Limited completed the acquisition of 35% of the shares of two wholly-owned subsidiaries of ACWA Power.
The two subsidiaries are Bash Wind Power Holdings Limited and Zankeldi Wind Power Holdings Limited, each holding 100% equity in Bash and Zankeldi Wind Power Project Company.
hina Southern Power Grid International (Hong Kong) Co., LTD., a wholly-owned subsidiary of China Southern Power Grid, is positioned as the main implementation platform and investment and financing platform for international business. The acquisition means that China Southern Power Grid owns a stake in the Bashi and Zankeldi wind farms in Uzbekistan as well as a 500-kV transmission project.