ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with operations in 10 countries in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power’s portfolio, with an investment value of over USD 26 billion, can generate 16.9 GW of power and produce 2.5 million m3 /day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long-term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models.
ACWA Power, registered and head-quartered in the Kingdom of Saudi Arabia, is owned by eight Saudi conglomerates, Sanabil Direct Investment Company (owned by the Public Investment Fund of Saudi Arabia), the Saudi Public Pensions Agency and the International Finance Corporation (a member of the World Bank Group).
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The company has not participated in any projects.
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ACWA Power has planned to build a 500 MW solar plant and a 500 MWh battery energy storage system in Uzbekistan under a project proposed by the Asian Development Bank (ADB).
Read moreThe Kuwait Authority for Partnership Projects (KAPP) has announced the qualification results of the companies and consortiums applying for the Dabdeba Electric Power Generation Project and the Shaqaya...
Read moreACWA Power Co has signed a power purchase agreement (PPA) with Indonesia's state-owned electricity utility PT Perusahaan Listrik Negara (Persero) (PLN), for the 60-MW Saguling floating solar PV projec...
Read moreChina Energy Engineering Corp. (CEEC), via its subsidiaries, has signed an engineering, procurement, and construction (EPC) contract for a 2 GW Haden solar Project in Saudi Arabia.
Read moreACWA Power has reached a financial close for the US$533 million 200 MW solar plant and a 500 MWh Battery Energy Storage System (BESS) project in Tashkent, Uzbekistan.
Read moreNama Power and Water Procurement Company has revealed the pre-qualified candidates for the OMR 155 million (US$ 401 million) Ibri III solar project to be built in Ibri, a city in the governorate...
Read moreACWA Power Co has signed a Power Purchase Agreement (PPA) with the National Electric Grid of Uzbekistan for the 5-GW Aral project in the northwestern autonomous region of Karakalpakstan,&nbs...
Read moreACWA Power has signed a SAR 985.13 million (US$262.46 million) power purchase agreement (PPA) with Uzbekistan's National Electric Grid for the Nukus 2 200 MW wind and battery energy storage system (BE...
Read moreACWA Power and Larsen & Toubro Limited (L&T) have selected Nextracker to provide its all-terrain tracker NX Horizon-XTR for a 1.17 GW installation at Al Kahfah Solar Power...
Read moreHassan Allam Utilities and ACWA Power have signed a 25-year land usufruct agreement with Egypt’s New and Renewable Energy Authority for a 1.1 GW Wind Energy project in Egypt.
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