Full text

Note: Lawyers are investigating whether ACWA Power can bid for the 1600MW Shuweihat 3 IPP.

Lawyers are investigating whether ACWA Power can bid for the 1600MW Shuweihat 3 IPP. The issue surrounds the interpretation of Abu Dhabi's privatisation law, which seems to prohibit companies from other GCC countries taking stakes in projects.

Rumours had been circulating that Saudi sponsor ACWA had been ejected from the tender following reports that the United Arab Emirates' Navy opened fire...