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ACWA Power has signed a $4.1 billion Energy Conversion and Water Purchase Agreement for the Az-Zour North IWPP in Kuwait, which includes a 2,700 MW Combined Cycle Gas Turbine plant and a desalination facility producing 545.5 thousand m³/day. The project will be executed on a Build, Operate and Transfer basis over 25 years, with ACWA Power holding a 24% stake in the Gulf Alliance for Power and Water consortium. The agreement was made with the Ministry of Electricity and Water and Renewable Energy.