Acwa Power announces the commencement of commercial operations for the Shuaiba 1 solar power plant project.

Aqua Power announced in a statement published on the Saudi Stock Exchange (Tadawul) on Wednesday that it has received notification of the receipt of the commercial operation certificate from the Saudi Power Purchase Company for the full capacity of the production station, which amounts to 600 megawatts. In light of this step, Aqua Power Saudi Arabia announced the commencement of commercial operations for the Shuaiba 1 solar photovoltaic power plant. In this regard, Aqua Power clarified that its stake in the project company is 35.01%, and regarding the financial impact, the Saudi company expects the financial impact of the plant's operation to appear during the last quarter of this year. Regarding the trading on the Saudi stock market today, Aqua Power's share (TADAWUL: 2082) recorded a decrease of approximately 0.19%, closing today’s session at the level of 410.2 riyals.