ACWA Power International is a lead developer, investor, owner and operator of independent water and power projects structured on a concession or utility outsourcing contract model. ACWA Power is incorporated in Saudi Arabia with a capital base of US$ 1.2 Billion. It holds equity ownership in a portfolio of contracted assets made up of 6,485 MW of power generation plants and 2.31 million m3/day of desalinated water production plants, all with a cumulative value in excess of US$ 12 Billion. As a principal in its sector, ACWA Power is now growing beyond its core Saudi Market into regional and international markets.
ACWA Power has a multi disciplinary team with all the necessary professional skills. For each new opportunity, ACWA Power deploys its specialist team to select the optimum technical solution and identify the best EPC and O&M partnerships. In collaboration with our partners, ACWA Power prepares a robust business case, financial model and a structure for equity and debt financing. Our team then brings it all together to submit the most competitive and comprehensive solution to the client.
To date, this strategy has resulted in the award of the following concession projects:
- Rabigh IWSPP
- Shuaibah IWPP
- Shuaibah Expansion IWP
- Marafiq Jubail IWPP
- Shuqaiq IWPP
- Rabigh IPP
In addition, ACWA Power has also developed the world’s first two sea going barge mounted, self contained desalination plants each capable of producing 25,000 m3/day of water. The barges can be rapidly relocated to provide fresh water to coastal cities facing shortfall. In 2010 ACWA Power was successful in financially closing and acquiring a joint stake of 58% in the Barka 1 IWPP in the Sultanate of Oman which has a contracted capacity of 427 MW of power and 91,000 m3/day of water.
