• ACWA Power : International Company for Water and Power Projects
  • ACWA Power Projects : Arabian Company for Water and Power Projects
  • AAG : Abdullah Abunayyan Group
  • BOO : Build, own and operate
  • BOOT : Build, own, operate and transfer
  • EPC: Engineering Procurement Construction
  • Financial Close: A stage in a financial agreement where conditions have been satisfied or waived, documents executed, and draw-downs become permissible
  • IPP :  Independent Power Project
  • IWP: Independent Water Project
  • IWPP: Independent Water and Power Project
  • IWSPP: Independent Water, Steam and Power Project
  • m3: Cubic meter
  • MED: Multi Effect Distillation
  • MOF: Ministry of Finance
  • MSF: Multi Stage Flash
  • MW: Mega Watt
  • KW : Unit of Power, Kilowatt
  • KWh : Unit of Energy, Kilowatt hour
  • GW : Unit of Power; Gigawatt
  • N/A: Not applicable
  • O&M: Operation and maintenance
  • PIF: Public Investment Fund
  • PWPA: Power and Water Purchase Agreement
  • Resolution 5/23: Dated June 3, 2002, the Saudi government’s strategic decision to encourage private sector participation through IWPPs
  • SEC: Saudi Electricity Company
  • SWCC: Saline Water Conversion Corporate
  • PPI: A family of indexes that measure the average change over time in selling prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. This contrasts with other measures that measure price change from the purchaser's perspective, such as the Consumer Price Index (CPI). Sellers' and purchasers' prices may differ due to government subsidies, sales and excise taxes, and distribution costs
  • WEC: Water and Electricity Company
  • CAGR : Compound Annual Growth Rate
  • CR&S : Corporate Responsibility & Sustainability
  • CSR : Corporate Social Responsibility
  • EHS : Environmental, Health and Safety
  • EHSQ : Environmental, Health, Safety and Quality
  • EPC : Engineering, Procurement and Construction
  • GCC : Gulf Cooperation Council
  • GWI : Global Water Intelligence
  • ISO : International Organisation for Standardisation
  • MED : Multi-Effect Distillation
  • MSF : Multi-stage flash desalination
  • PCOD : Project Commercial Operation Date
  • PFI : Project Finance International
  • PFM : Project Finance Magazine
  • PWPA : Power and Water Purchase Agreement
  • RO : Reverse Osmosis


We were recently awarded the PFI Award for our efforts in providing clean and sustainable energy.
Want to know more?


Read more about our current investments as well as the future ones
Find out more