Saudi's Acwa Power Partners With African Development Bank for $5 Billion Utility Projects in Africa

07:35 AM EST, 12/16/2025 (MT Newswires) -- Acwa Power (SASE:2082) entered into a cooperation framework with the African Development Bank for up to $5 billion of sustainable electricity and water projects in Africa. The Saudi utility and finance institution's partnership will identify, develop, and fund renewable energy, water desalination, and grid-connected power projects across the continent, with a focus on the sub-Saharan region, between 2025 and 2030, according to a Tuesday release.