The N’Diago CCGT power project will be developed under 25-year agreements with the Mauritanian government and SOMELEC
Acwa said its 60%-owned N’Diago project company signed a 25-year public-private partnership (PPP) agreement with the Mauritanian government on June 30, along with a related gas-to-electricity conversion agreement (CCE) with SOMELEC for the 230 MW N’Diago combined-cycle gas turbine (CCGT) power plant, according to a statement to Tadawul. 
The total estimated project cost is approximately $700 million. The related financial impact will be determined at the time of financial close.
Under the agreements, Acwa will undertake the 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.
The N’Diago CCGT power project will be developed under 25-year agreements with the Mauritanian government and SOMELEC
Acwa said its 60%-owned N’Diago project company signed a 25-year public-private partnership (PPP) agreement with the Mauritanian government on June 30, along with a related gas-to-electricity conversion agreement (CCE) with SOMELEC for the 230 MW N’Diago combined-cycle gas turbine (CCGT) power plant, according to a statement to Tadawul.
The total estimated project cost is approximately $700 million. The related financial impact will be determined at the time of financial close.
Under the agreements, Acwa will undertake the 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.
