• 22+ GW

    of power

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  • 2.5 million M3 day

    of desalinated water

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Press Releases

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  • ACWA Power awarded three Solar PV projects under Round 2 of Egypt FiT program II

    ACWA Power awarded three Solar PV projects under Round 2 of Egypt FiT program II

    Tuesday, August 8 2017

    • ACWA Power signed the Power Purchase Agreement with the Government of Egypt for three solar photovoltaic power plants in Benban under Round 2 of the Feed-in-Tariff (FiT) program in the presence of H.E. Prime Minister of Egypt, H.E. Ambassador of Saudi Arabia, the Minister of Electricity and Renewable Energy
    • ACWA Power will to develop, finance, build, own and operate the three projects with an aggregate capacity of 165.5 MWp and total investment value of c. US$ 190 million
    • Power demand in Egypt grew by 28% in recent years with the Benban photovoltaic facility a key part of the government’s efforts to meet the country’s increasing energy needs.

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  • Paddy Padmanathan, President & CEO, ACWA Power, interview with Oxford Business Group

    Paddy Padmanathan, President & CEO, ACWA Power, interview with Oxford Business Group

    Thursday, July 27 2017

    Paddy Padmanathan, President & CEO, ACWA Power, gave an interview to Oxford Business Group (OBG), the renowned consultancy and publisher of economic reports as part of the research undertaken for The Report: Saudi Arabia 2017, the most recent report from the group on the economy of Saudi Arabia.

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  • ACWA Power and Taekwang Power Holdings granted Investment Registration Certificate for Nam Dinh 1 Thermal Power Project

    ACWA Power and Taekwang Power Holdings granted Investment Registration Certificate for Nam Dinh 1 Thermal Power Project

    Monday, July 3 2017

    The Ministry of Planning and Investment of Vietnam has issued the Investment Registration Certificate (IRC) to Nam Dinh First Power Holdings, a Singapore-based Joint Venture incorporated by Saudi Arabia’s ACWA Power and South Korea’s Taekwang Power Holdings (“Investors”), to implement the 1,200MW Nam Dinh 1 Thermal Power Project (“the Project”) in Hai Hau district of Nam Dinh province, Vietnam.

    The ceremony of IRC granting was held today in Nam Dinh City, Nam Dinh Province in the presence of representatives from Vietnam government agencies including the Ministry of Planning and Investment, Ministry of Industry and Trade, Nam Dinh People’s Committee, State Bank of Vietnam, Embassy of Republic of Korea and the Investors. The Investment Registration Certificate is one of the most important milestones for the Project pursuant to the Investment Agreement signed between the Ministry of Industry and Trade and the Investors in January 2016.  

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  • ACWA Power Donates a 2.6 MW Solar Power Plant to King’s Academy

    ACWA Power Donates a 2.6 MW Solar Power Plant to King’s Academy

    Tuesday, April 4 2017

    King’s Academy in Jordan has signed a memorandum of understanding (MoU) with  ACWA Power – a leading  developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants – to design, develop and construct a Solar Photovoltaic Facility (PV) on the school’s campus. The full cost of the 2.6 MWp plant has been donated by ACWA Power to King’s Academy, amounting to US $4 million. The plant will offset the equivalent of 2,300 metric tons of CO2 and power the equivalent of 350 households.

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