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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November 13, 2025
Nama PWP receives 18 bids for Oman’s first waste-to-energy project in Al Barka
Oman’s Nama Power and Water Procurement Company (PWP) has received 18 submissions for qualification from international and local consortia and companies for the Sultanate’s first waste-to-...
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November 12, 2025
ACWA Power exchanged documents for USD 1.8 billion project financing agreements for Samarkand Solar & BESS Project
ACWA Power exchanged documents for the USD 1.8 billion project financing agreements with a consortium of leading international banks and equity partners for the Samarkand Solar and Battery Energy Stor...
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November 12, 2025
ACWA Power announced progress on 300 MW Bash 2 Wind Project in the Bukhara region
ACWA Power has announced progress on the 300 MW Bash 2 Wind Project in the Bukhara region, Uzbekistan, with Larsen & Toubro (L&T) appointed as the preferred EPC contractor. The project, w...
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November 11, 2025
Financing agreements signed for Kungrad Wind and Battery Energy Storage Project in Karakalpakstan
ACWA Power has exchanged documents for USD 100 million green equity bridge financing agreements for the Kungrad 123 Wind and Battery Energy Storage Project in the Republic of Karakalpakstan. This fina...
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October 30, 2025
Sumitomo Corporation Signs Project Financing Agreements for Uzbekistan's Solar and BESS Project
ACWA Power, Shikoku Electric Power Co., Inc. and Chubu Electric Power Co., Inc., signed project financing agreements with a group of banks, including Japan Bank for International Cooperation, Asian De...
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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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