Articles tagged with 'news' | ACWA Power

ACWA POWER | NewsRoom (news)

2022
27
September
2022
| 10:21 Europe/Amsterdam
300,000 m3/d SWRO development will be the largest desalination project of its kind in Sub-Saharan AfricaSupporting Senegal’s Gas-to-Power strategy, Cap des Biches-based CCGT plant will have an initial design capacity of 160 MW...
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26
September
2022
| 15:17 Europe/Amsterdam
Dubai, United Arab Emirates; 26 September 2022: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, is set to showcase its key role in driving the transition globa...
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14
September
2022
| 17:21 Europe/Amsterdam
ACWA Power owns 51% of the 1.5 GW Sirdarya combined cycle gas turbine (CCGT) facility, with Silk Road Fund obtaining a 49% stakeShare purchase agreement first of its kind between parties in Uzbekistan and Central AsiaOnce operational in 2024, Sirdary...
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13
September
2022
| 09:39 Europe/Amsterdam
Hydraulic Injection Desalination (HID) technology in plants uses one third less energy top-of-the-line seawater reverse osmosis desalination plants, and ten times less than traditional thermal desalination facilities...
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29
August
2022
| 11:22 Europe/Amsterdam
Abdulhameed Al Muhaidib appointed new CFOKashif Rana, former CFO, takes over as Chief Portfolio Management Officer...
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19
August
2022
| 07:46 Europe/Amsterdam
Uzbekistan will become the second largest country for ACWA Power in terms of overall investmentCompany formalises agreement for c.US$2.4billion 1.5GW wind farm in Uzbekistan, one of the biggest single-site onshore wind projects in Central Asia and th...
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11
August
2022
| 15:58 Europe/Amsterdam
Consolidated net profit attributable to equity holders of the parent for the first six months reached SAR542 million, a 21% increase year-on-year.Operating income before impairment loss and other expenses for the same period at SAR1,153 million incre...
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19
July
2022
| 13:33 Europe/Amsterdam
-   End product will be utilised to decarbonise POSCO’s steel manufacturing processes and other off-takers in South Korea...
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23
June
2022
| 12:19 Europe/Amsterdam
Current production has reached 454.6 thousand m³/day, amounting to 100 million gallons of desalinated water per dayACWA Power, the world’s largest private operator of desalinated water, owns and operates 15 desalination plants producing over 6.4 mill...
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21
June
2022
| 16:17 Europe/Amsterdam
The 1.1 GW project is one of the largest onshore wind farms in the world and the largest in the Middle EastAgreement signed during HRH Mohammed Bin Salman, Crown Prince of Saudi Arabia’s state visit to EgyptProject marks ACWA Power’s expansion in the...
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20
June
2022
| 18:35 Europe/Amsterdam
Restructuring of Shuaibah 3 IWPP will mitigate the impact of 45 million tons of carbon dioxide emissions a year in line with Saudi Vision 2030New seawater reverse osmosis plant will replace Shuaibah 3 IWPP and produce 600,000 m3/day, partially powere...
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26
May
2022
| 14:44 Europe/Amsterdam
LEHIGH VALLEY, PA; MUSCAT, OMAN; AND RIYADH, KINGDOM OF SAUDI ARABIA (May 26, 2022) — ACWA Power (TADAWUL:2082), OQ, Oman’s leading integrated energy group, and Air Products (NYSE:APD) today signed a joint development agreement (JDA) toward a multibi...
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18
May
2022
| 11:24 Europe/Amsterdam
Operating income before impairment loss and other expenses up by 19.5% from the same period in the previous year Adjusted net profit attributable to equity holders of the parent was SAR155 million, a 10.6% increase from Q1 2021New Board of Directors ...
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31
March
2022
| 13:22 Europe/Amsterdam
Rabigh 3 IWP is the first desalination plant of its size in the private sector with 100% Saudi workforceThe project has been recognised as the “world’s largest reverse osmosis desalination facility” by the Guinness World Records™The SAR 2.6 billion p...
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28
March
2022
| 11:50 Europe/Amsterdam
Global industry experts, researchers, and innovators shared key insights on reimagining the future of green energy and water over the two-day forum....
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17
March
2022
| 11:15 Europe/Amsterdam
Facility achieved certification after a three-week process by the independent Records Management Team who examined verifiable, standardisable and measurable evidenceRabigh 3 IWP produces 600,000 cubic metres of desalinated water per dayProject suppli...
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16
March
2022
| 13:28 Europe/Amsterdam
Full year financial results posted after successful IPO and listing in 2021Operating income before impairment loss and other expenses up by 12.5% and parent operating cash flow higher by 51.4%  SAR 560 million dividends for 2021 proposed by ACWA Powe...
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09
March
2022
| 14:11 Europe/Amsterdam
ACWA Power and WGA signed an MOU to develop further WGA’s disruptive, green water desalinization technologyAnnouncement came on the side-lines of Saudi Water Forum...
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08
March
2022
| 10:21 Europe/Amsterdam
PPA agreement signed with Saudi Power Procurement Company, the principal buyer, for a 25-year periodLocated in central Saudi Arabia, the US$450 million (SAR1.7 billion) project is set to be commissioned by Q4 2024...
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24
February
2022
| 15:02 Europe/Amsterdam
●       Company won bid after proposing lowest tariff in competitive tender●       US$108 million Nukus wind project is the first renewable energy project governed by new PPP law●       First wind project in Karakalpakstan, in Northwestern Uzbekistan...
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23
February
2022
| 07:37 Europe/Amsterdam
Consortium of Saudi and international banks to support the development of the world’s most ambitious regenerative tourism projectPhase 1 of Project set to open by the end of 2022...
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31
January
2022
| 13:55 Europe/Amsterdam
·    MoU entails the facilitation of knowledge sharing and product development through regular workshops and meetings·   Agreement will also bolster the growth of local industrial projects and absorption of new technologies and products to grow Saudi...
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24
January
2022
| 15:48 Europe/Amsterdam
-        Ibri 2 is the first solar IPP to connect to the main national grid-       The US$417 million solar plant with a capacity of 500 MW completed construction within 13 months at the highest health and safety standards-       The project will sup...
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14
January
2022
| 11:22 Europe/Amsterdam
Baku, Azerbaijan, 14, January 2022: The Azerbaijani Ministry of Energy and ACWA Power held a groundbreaking ceremony for the 240 MW wind power plant with an investment value of SAR 1.125 billion (US$300 million), following the signing of power purcha...
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2021
22
December
2021
| 13:26 Europe/Amsterdam
Kashif Rana, the company’s CFO, will also oversee portfolio management as Rajit Nanda, CPMO steps down Clive Turton and Abdulhameed Muhaidib appointed as CIO and Deputy CFO respectively ...
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20
December
2021
| 13:21 Europe/Amsterdam
US$108million Nukus wind project signals ACWA Power’s expansion into the Uzbek energy industry Financial close for the project targeted for Q3 2022, with commercial operations expected by early 2024 ...
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19
December
2021
| 13:03 Europe/Amsterdam
First power and water company in the region to gain PEP Standard by CIPS - the world's largest professional body dedicated to the procurement and supply profession, with a global network of over 70,000 members ...
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05
December
2021
| 08:29 Europe/Amsterdam
Jeddah, KSA: 05 December 2021: ACWA Power, a leading developer, investor, and operator of power generation, desalinated water, and green hydrogen plants worldwide, and Natixis Corporate & Investment Banking (Natixis CIB), a subsidiary of Groupe BPCE,...
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30
November
2021
| 08:50 Europe/Amsterdam
Riyadh, KSA: 30 November 2021: ACWA Power, a leading developer, investor, and operator of power generation, desalinated water, and green hydrogen plants worldwide, today signed a strategic agreement with the Saudi Institute of Internal Audit (IIA) to...
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10
November
2021
| 09:17 Europe/Amsterdam
The Company completed a landmark IPO and listed on Tadawul on 11 October 2021 Operating income before impairment loss and other expenses at SAR 1,660 million for nine months flat versus year ago Commitment to net zero target 2050 exemplified by t...
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