ACWA POWER | NewsRoom (news)

2019
24
March
2019
Dubai Electricity and Water Authority (DEWA) and the consortium led by Saudi Arabia’s ACWA Power and Silk Road Fund, which is owned by the Chinese Government, announced the financial closing of the 950-megawatt fourth phase of the Mohammed bin Rashid...
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18
March
2019
ACWA Power increases its shareholding to 74% in RAWEC after buying all of Marubeni’s stake The company also bought 34% of Marubeni’s shares in the O&M company for RAWEC ...
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12
March
2019
Commercial operation of 300 MW Skaka Photovoltaic IPP plant to commence by the end of the year 100 percent local employment within the first year H.E. Eng. Khalid bin Abdulaziz Al Falih, Minister of Energy, Industry and Mineral Resources in S...
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11
March
2019
Inaugurated in June 2018, the Khalladi wind farm, developed by ACWA Power in collaboration with ARIF investment fund, is located at Jbel Sendouq, 30 km from Tangiers and represents an investment of 1.7 billion dirhams (~170 mUSD). This entirely pr...
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04
March
2019
ACWA Power, a leading developer, owner and operator of power generation and water desalination plants, leading a consortium with Saudi Brothers Commercial Company(“SBCC”), announced the successful signing of senior financing and hedging agreements fo...
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25
February
2019
As part of the official visit to the People's Republic of China by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Vice President of the Council of Ministers and Minister of Defence, ACWA Power signed Memorandums of...
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24
January
2019
MMEC Mannesmann, a leading German engineering contractor in the field of petroleum coke calcining partners with ACWA Power, the leading developer, owner, and operator of power generation and water desalination plants, to develop the ‘Sohar Calciner’ ...
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2018
12
December
2018
ACWA Power, a leading developer, owner and operator of power generation and water desalination plants, won the Renewables Company of the Year award at the MEED Awards 2018 for the second consecutive year, reinforcing its position as an influential su...
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11
December
2018
ACWA Power, a global leader in water desalination and power generation, recently collaborated with key player in energy sector, ECOHZ, that offers global renewable energy solutions to businesses, organisations and electricity providers, to empower lo...
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29
November
2018
ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, is delighted to announce its partnership with the Industrial and Commercial Bank of China Limited (ICBC), Shanghai Electric Group Co., Ltd (SEGC),...
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28
November
2018
His Excellency Eng. Abdulrahman bin Abdulmohsen Al-Fadhly, Minister of Environment, Water and Agriculture and Chairman of the Board of Water and Electricity Company visits Shuaibah Expansion II IWP to check he progress on the world’s fastest implem...
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21
November
2018
The Crown Prince of Saudi Arabia, HRH Mohammad bin Salman also attended the event The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia officially commences the ground-breaking ceremony for the 300 MW Sakaka PV IPP - the...
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15
November
2018
ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, leading a consortium with AlGihaz Holding Company, a major Saudi contractor and investor, acting as a consortium announced the successful financia...
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11
November
2018
The plant will generate energy round the clock with largest thermal energy storage capacity in the world of 15 hours.Dubai Electricity and Water Authority (DEWA) and ACWA Power have signed an amendment to the Power Purchase Agreement (PPA) for the fo...
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01
November
2018
A consortium led by ACWA Power has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a gas-fired combined cycle plant in the presence of H.E. Prime Minister of Egypt, Eng. Mustafa Madbuoly, the Mini...
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31
October
2018
Morocco’s Khalladi Wind Farm registered with the first International Renewable Energy Certificate Standard (I-REC) by UAE’s Dubai Carbon Morocco’s Khalladi Wind Farm owned and operated by ACWA Power has been registered with the first International ...
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25
October
2018
His Highness Sheikh Hamdan bin Rashid Al Maktoum visited the ACWA Power platform during the opening ceremony ACWA Power, a global leader in water desalination and power generation, successfully wrapped up its presence at the Water, Energy, Technolo...
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23
October
2018
ACWA Power, Saudi Aramco, and Air Products today signed an agreement to form an over $8 billion Gasification/Power joint venture (JV) located at Jazan Economic City (JEC) in Saudi Arabia. The signing ceremony was held on the first day of the Future I...
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21
October
2018
To fortify the UAE’s efforts in promoting global green growth, WETEX is launched this year under the theme “At the forefront of sustainability” ACWA Power, a global leader in water desalination and power generation, will be showcasing the lates...
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17
October
2018
“While recently, many projects in the energy sector in Egypt have been completed, we see promising opportunities to procure more renewable energy at a faster pace to phase out low efficiency fossil fuel power plants to reduce the total average cost o...
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26
September
2018
Three companies, ECOHZ, Women Organizing for Change in Agriculture and Natural Resource Management (WOCAN), and ACWA Power have partnered to give companies a tool to both mitigate climate change and empower women.ECOHZ provides global renewable energ...
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12
August
2018
The JV will enhance the overall value of the refinery and integrated gasification combined cycle power plant, aiding in transforming the Jazan Province by positioning JEC for additional FDI and private sector involvement. Saudi Aramco, Air Product...
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22
July
2018
ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, is delighted to announce that China’s Silk Road Fund will acquire a 24.01% equity interest in the 700MW DEWA Concentrated Solar Power (“CSP”) proj...
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19
July
2018
ACWA Power recently partnered with the European Bank for Reconstruction and Development (EBRD), and Numerco, a company specialising in sourcing and supply chain optimisation, to offset the carbon footprint of the twenty-seventh EBRD Annual Meeting an...
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13
July
2018
100MW solar power project to start construction this year, suppling power to 210,000 South African homes even during evening peak demand periods once operational. In the presence of the President of South Africa, H.E. Cyril Ramaphosa, on the occasio...
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04
July
2018
Riyadh, Kingdom of Saudi Arabia, for immediate release, 4th July, 2018: The Public Investment Fund of Saudi Arabia and International Company For Water And Power Projects (“ACWA Power” or the “Company”), a leading developer, owner, and operator of pow...
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01
July
2018
ACWA Power today inaugurated its 120 MW Khalladi wind farm in Tangier, which will supply clean power to a number of large industrial companies, mainly operating in the cement sector in Morocco at competitive prices. The wind farm, developed by ACWA ...
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07
June
2018
Partnership to further pursue cooperation on power generation and water desalination projects across the region ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, today signed a Memorandum ...
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24
May
2018
Deputising for His Majesty King Abdullah, His Royal Highness Crown Prince Al Hussein bin Abdullah II on Wednesday inaugurated a 2.6-megawatt-peak solar photovoltaic facility constructed on the campus of King’s Academy in Manja, Madaba. The project’s...
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18
April
2018
ACWA Power led consortium with Veolia and DIDIC awarded Salalah water project at a cost of 60 million Omani Rials Commercial operation of the plant by 2020 Oman Power and Water Procurement Company (Member of Nama Group) the sole procurer of al...
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