IFC confirms $100 mln investment in Saudi's ACWA Power

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DUBAI, Aug 31 (Reuters) - International Finance Corp (IFC), a unit of the World Bank, has completed a 375 million riyal ($100 million) equity investment in Saudi Arabia-based water and power project developer ACWA Power . The investment will boost the amount of funding for renewable energy projects to help meet growing power demand in the Middle East and Africa, IFC said in a statement carried by the WAM news agency. IFC had initially disclosed plans in July for the investment. ...

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