ACWA Power
Company description
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).
Other companies in Saudi Arabia
Company details
Participation in projects
Projects as Project Owners per Country ()
Projects as Project Owners per Subsector ()
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The company has not participated in any projects.
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Company updates
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October 24, 2025
SEC and ACWA Power Achieve US$2.9 Billion Financial Close for Qurayyah CCGT IPP
Saudi Electricity Company (SEC), ACWA Power Company have announced that Hajar Two Electricity Company (the project Company), has achieved financial close of the Qurayyah CCGT IPP Expans...
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October 21, 2025
Energy China and PowerChina secured US$4.3 billion EPC contracts for gigawatt-scale wind & solar projects in Saudi Arabia
Energy China and PowerChina have secured US$4.3 billion of engineering, procurement, and construction (EPC) contracts for gigawatt-scale wind and solar projects in Saudi Arabia. The deal covers multi...
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October 08, 2025
Kuwait prequalifies bidders for Al Dibdibah Power and Al Shagaya Renewable Energy – Phase III – Zone 2 Solar PV IPP
Kuwait has shortlisted nine consortia in the tender for the development of the 500-MW Dabdaba Power Generation Project and the Shagaya Renewable Energy Project (Phase III – Project II) to be bui...
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September 10, 2025
Kuwait issues RFP for Al-Khairan IWPP Project
The Kuwait Authority for Partnership Projects (KAPP), in collaboration with the Ministry of Electricity & Water & Renewable Energy of the State of Kuwait (MEWRE), issued the Request for Propos...
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September 02, 2025
KAPP has qualified 5 teams for Al Khairan water and power PPP
The Kuwait Authority for Partnership Projects (KAPP) has qualified 5 teams for the Al-Khairan Independent Water and Power Plant (IWPP). The Khairan Power and Water Plant – Phase 1 project...
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August 28, 2025
ACWA Power, SEC and KEPCO announces Financial Close for Rumah 1 and Nairyah 1 IPP Projects
ACWA Power and Saudi Electricity Company (SEC), in collaboration with Korea Electric Power Corporation (KEPCO), have announced the Financial Close for the Rumah 1 and Nairyah 1 IPP projects, with a to...
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August 08, 2025
ACWA Power Wins 800 MW Noor Midelt II & III Solar Projects in Morocco
The Moroccan Agency for Sustainable Energy (MASEN) has awarded contracts to ACWA Power to develop and operate the Noor Midelt II and Noor Midelt III solar power projects, with a combined capacity of 8...
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August 07, 2025
US$3.4 billion Senior Debt Finance Secured for 3,600 MW Rumah 1 and Nairyah 1 Power Projects in Saudi Arabia
ACWA Power and Saudi Electricity Company (SEC), in collaboration with Korea Electric Power Corporation (KEPCO), announced the signing of senior debt financing documents for Rumah 1 and Nairyah 1 IPP p...
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February 28, 2025
PPA signed for a 3.92 GW Combined Cycle Gas Turbine Power Plant in Saudi Arabia
ACWA Power Company announced the signing of a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) for a large-scale Combined Cycle Gas Turbine (CCGT) Power Plant,...
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February 27, 2025
Bids received for 500 MW Solar IPP Project in Oman
Nama Power & Water Procurement (PWP), Oman announces the list of bidders who submitted bids for the development of Ibri III Solar Independent power plant (IPP), in Ibri, a city in the governorate...
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