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ACWA nabs Bank of China debt for Uzbek solar-storage project
Saudi Arabia’s ACWA Power Co (TADAWUL:2082) has clinched a debt financing deal with the Bank of China, providing it with cash to support a 200-MW solar pro
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NASA's chief says China is being 'very, very secretive' and pretending its space projects aren't linked to the military
National Aeronautics and Space Administration head Bill Nelson warned on Wednesday that China is passing off military endeavors in space as civilian projects, reiterating that the US is in a "race" with Beijing to reach the moon in the 21st century."China has made extraordinary strides, especially in the last 10 years, but they are very, very secretive," Nelson told members of the House Appropriations Committee at a 2024 budget hearing."We believe that a lot of their, so-called civilian space...
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ACWA Power secures landmark $80m bridge loan from Bank of China for Uzbekistan projects
RIYADH: Saudi energy giant ACWA Power has secured an $80 million equity bridge loan from the Bank of China for its Uzbekistan initiatives. According to an official press release, the payment is split equally between Chinese yuan and US dollars, marking the first loan cooperation deal by a bank from the Asian country using its native currency involving a company from the Kingdom. ACWA Power said the fund will boost its Tashkent 200 megawatts solar photovoltaic power plant and 500...