Acwa Power Co. (Acwa) announces the Signing of a Public-Private Partnership (PPP) and Power Purchase Agreement (PPA) for the development, financing, construction and operation of the N’diago 230 MW Combined Cycle Gas Turbine (CCGT) power plant in Mauritania

Element List	Explanation
Introduction	Acwa, through its dedicated project company Ndiago Power Company, has signed a Public-Private Partnership (PPP) Agreement with the Government of Mauritania and a Gas-to-Electricity Conversion Agreement (CCE) with SOMELEC for the 230 MW N’Diago CCGT power plant. Acwa’s effective shareholding is 60%.
Date of Announcement of the Award	2026-06-30 Corresponding to 1448-01-15
Contract Subject Matter	Public-Private Partnership (PPP) and Gas-to-Electricity Conversion Agreement (CCE)
The Entity with Which the Contract was Signed	Government of Mauritania and SOMELEC
Date of Signing the Contract	2026-06-30 Corresponding to 1448-01-15
Contract Value	Total estimated project cost of approximately USD 700 million.
Contract Details	Design, financing, construction, commissioning, operation and maintenance of the 230 MW N’Diago CCGT power plant under a 25-year public-payment PPP, together with a 25-year gas-to-electricity conversion (tolling) agreement with SOMELEC.
Contract Duration	25 years
Financial Impact and the Relevant Period	Will be determined at the time of financial close.
Related Parties	NA
Additional Information	The PPP Agreement and the CCE form an indivisible contractual package and were signed concurrently.