ACWA Power International (ACWA Power) is a developer, investor, co-owner and operator of plants with a generation portfolio of 15,731 MW of power and 2.4 million m3/day of desalinated water with an investment value in excess of USD 23 billion and providing employment to more than 2,300 people.
The company, incorporated in the Kingdom of Saudi Arabia, with a paid-up capital and shareholder loans totaling approx. USD 1.4 Billion is owned by eight Saudi conglomerates besides Sanabil Direct Investment Company (owned by the Public Investment Fund) and by the Saudi Public Pensions Agency. ACWA Power’s core business is the delivery of electricity and desalinated water by operating assets in which the company has a meaningful level of investment to exercise operational control.
The current portfolio of assets and investments delivers over 6,050 MW of power and around 2.3 million m³/day of desalinated water in Saudi Arabia; 1,550 MW of power in Jordan; 427 MW of power and 91,000 m³/day of desalinated water in Oman and 60MWp using photovoltaic technology in its solar plant in Karadzhalovo, Bulgaria. The portfolio also includes the world’s first two sea going barge mounted, self-contained water desalination plants each capable of producing 25,000 m³/day of water. New capacity of 5900 MW of power generation, 55 000 m3/day of desalinated water and 2 270 tons per hour of steam capacity is under construction in Saudi Arabia, with several projects in an advanced stage of development. This include a 850 MW gas fired plant in Turkey, 50 MWe Concentrated Solar Power (CSP) plant at Bokpoort in South Africa, 160 MWe CSP plant at Ouarzazate in Morocco and a 45,000 m³/day of water desalination project at in Oman.
From its head office in Saudi Arabia, ACWA Power is expanding throughout the GCC, and to Jordan, Egypt and further afield to Turkey, Morocco, and the southern region of Africa.