Saudi Arabia-based ACWA Power was not invited by 1MDB to make any final offer nor was on a shortlist of bidders.

“ACWA Power is interested to bid for power plants owned by 1MDB,” it said in a statement in Kuala Lumpur today.

A recent media report stated that 1MDB had shortlisted bidders, including ACWA Power, to submit final offers for 1MDB’s power plants.

ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants.

Currently, it has presence in 12 countries in the Middle East and North Africa, Southern Africa and South-East Asia.

ACWA Power’s portfolio, with an investment value in excess of US$26 billion (US$1=RM4.38), can generate 16.9 gigawatt of power and produce 2.5 million cubic metres per day (m3/day) of desalinated water.

- Bernama