ACWA Power International is a lead developer, 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 paid up capital base in Excess of US$ 1 Billion and holds equity ownership in a portfolio of contracted assets comprising 8,000 MW of power generation plants and 2.3 million m3/day of desalinated water production plants, all representing an investment value of over US$ 12 Billion employing more than 2,300 people.

As a principal in its sector, ACWA Power is now growing beyond its core MENA region into international markets. ACWA Power has a multi-disciplinary team with all the necessary professional skills ranging from technical, legal, environmental, insurance to tax and financial expertise to undertake the Lead Developer role. For each new opportunity, ACWA Power deploys this 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 numerous mega projects: Rabigh IWSPP, Shuaibah IWPP, Shuaibah Expansion IWP, Marafiq Jubail IWPP, Shuqaiq IWPP and Rabigh IPP, all in the Kingdom of Saudi Arabia.

In 2008, ACWA Power has also developed the world’s first two sea going barge mounted, self-contained desalination plants. In addition, ACWA Power was successful acquired controlling stakes in Barka 1 IWPP in the sultanate of Oman and CEGCO in Jordan during 2010 and 2011 respectively. In September 2011, ACWA Power signed the Power Purchase Agreement for the 3927 MW Qurayyah IPP; the largest CCGT IPP in the world.