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RIYADH: Saudi Arabia’s utility provider ACWA Power Co. has been selected as the preferred bidder to develop two solar projects in Indonesia.
The projects will be located in Sumatera and Java and will serve state-owned Indonesian electricity firm Perusahaan Listrik Negara, according to a bourse filing.
ACWA Power will connect with the relevant stakeholders to move forward with the deals, noting that the financial impact cannot be determined at this stage, it said in the statement.