Acwa Power, a leading private power and water project developer in the Gulf region, said one of its companies is all set to start the construction of a major wind power project in the north of Morocco.
Formerly known as UPC Renewables, Acwa Power Khalladi is 75 per cent owned by Acwa Power – a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants – and 25 per cent by the Arif Investment Fund, a specialist in infrastructure projects.
Arif’s shareholders are leading national and international institutions (RMA Watanya, African Bank for Development, European Investment Bank, International Financial Society, Proparco, Bio Invest, and the Belgian Development Agency).
