Acwa Power

ACWA Power signs agreements worth up to USD 2.5bn with Uzbekistan – Uzbekistan

Saudi Arabia’s ACWA Power has announced that it has signed three new strategic agreements with the Ministry of Energy of Uzbekistan to amplify power generation and develop technical expertise. The agreements could potentially be worth up to $2.5 billion.

According to a statement from ACWA Power, the agreements include a 25 year Power Purchase Agreement (PPA) – with a total investment value of $1.2 billion – for a 1500 MW Combined Cycle Gas-Turbine (CCGT) power plant; an Implementation Agreement worth $550 million-$1.1 billion for the building of a wind power plant with a capacity of 500-1000 MW of clean energy; and a Memorandum of Understanding (MOU) for the development of a training centre to enhance technical skills of Uzbek students and professionals.


Acwa Power, Mubadala ink UAQ desalination plant agreement – Saudi

Saudi-based Acwa Power, a global leader in water desalination and power generation, said its consortium with MDC Power Holding Company, an entity fully owned by Mubadala Investment Company, has entered into a water purchase agreement with Federal Electricity & Water Authority (Fewa) for a 150-million-gallons-per-day desalination plant to be located in the northern emirate of Umm Al Quwain.

Under the terms of the agreement, Fewa will hold 20 per cent of the stake, while Acwa Power and Mubadala will each own 40 per cent of the plant, which will utilise seawater reverse osmosis technology.


Acwa Power’s Jordan plant launches commercial operations – Jordan

Saudi-based Acwa Power, a major developer of power and water desalination projects, said its joint venture IPP (independent power project) with Jordan’s National Electric Power Company (Nepco) in the Zarqa region of Jordan, has entered commercial operations adding 485 MW electricity to the country’s grid.

The Acwa Power Zarqa combined cycle power plant can generate the equivalent electricity needed to supply up to 350,000 Jordanian households and is the most efficient thermal power plant in Jordan, said a statement from the Saudi company.


ACWA Power consolidates its stake in RAWEC – Saudi Arabia

ACWA Power, a developer, owner and operator of power generation and water desalination plants, has announced the completion of the acquisition of certain shares and debt instruments/loan notes owned by Marubeni Corporation in Rabigh Arabian Water & Electricity Company (RAWEC) and certain shares owned by Marubeni in RAWEC’s Operations & Maintenance Company, namely Rabigh Power Company (RPC).

RAWEC is the captive utilities (power, water and steam) provider to Rabigh Refining and Petrochemical Company (Petro Rabigh Corporation), a joint venture formed in 2005 between Sumitomo Chemical, Japan and Saudi Aramco, which owns, operates and manages the Rabigh petrochemical complex.


ACWA Power signs final financial agreements for one of the world’s largest SWRO desalination projects in Saudi Arabia – Saudi Arabia

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 for the SR 2.625 billion (USD 700 million) Rabigh-3 IWP which will generate 600,000 m³/day – making it one of the largest SWRO desalination projects in the world to be built in the Kingdom of Saudi Arabia.

The water purchase agreement was signed on 24th of December 2018 by HE Eng. Abdulrahman bin Abdulmohsen Al-Fadley, Minister of Environment, Water and Agriculture and Chairman of Water & Electricity Company (WEC), as WEC will act as the off taker of the project.


ACWA Power set to expand power generation capacity with $35bn investment in next five years – Saudi Arabia

The Saudi Arabia-based power generation company, ACWA Power, has confirmed plans to increase its water desalination and power generation capacity and grow during the next five years with investments valued at approximately $35bn, according to Trade Arabia.

As the quickest growing power and water developer in the Middle East and Africa, the company is expected to enter newer territories as part of its new growth strategy.


Saudi ACWA Power plans to double water desalination and power generation capacity in 5 years – Saudi Arabia

ACWA Power, a global leader in water desalination and power generation, successfully wrapped up its presence at the 12th edition of the World Future Energy Summit (WFES), which took place on Jan. 14-17, 2019 as part of Abu Dhabi Sustainability Week (ADSW).

ACWA Power cemented its position as a leading sustainability enabler in the region through its participation as WFES and engaged with stakeholders in the industry to highlight its commitment to producing electricity and desalinated water efficiently, reliably, and safely at low cost.

ACWA Power continuously supports the vision and foresight of the United Arab Emirates in bringing together the principal actors from all over the world to create awareness, foster debate, and catalyze action that can help guide to the path of sustainable, secure and prosperous future.


Acwa Power wins contract to develop Saudi water desalination plant – Saudi Arabia

Saudi Arabia’s utility developer Acwa Power won a contract to develop the Rabigh 3 independent water-desalination plant (IWP) located on the kingdom’s Red Sea coast.

The Riyadh-based company submitted the lowest price among five bidders and its consortium with Saudi Brothers Commercial Company was selected to develop the desalination plant, Acwa Power said in a statement on Tuesday.


Water and Electricity Company (WEC) pre-qualified companies for Shuqaiq 3 desalination plant – Saudi Arabia

Saudi Arabia’s Water and Electricity Company (WEC) has pre-qualified 15 companies for Shuqaiq 3 desalination plant project.

Qualified as lead and technical suppliers are Acwa Power, Acciona Agua, Cobra, Engie, FCC Aqualia, JGC, Marubeni Corp., Mitsubishi Corp., Suez, Sumitomo Corp., Valoriza, and Veolia; and qualified as technical suppliers, Bahr Rawafid, SNC Lavalin, and Marafiq.

The proposed 380,000 m3/d seawater reverse osmosis plant will be located in the city of Shuqaiq, on the Red Sea coast, 137 kilometres north of Jazan, and will be powered off the grid. The concession agreement is expected to cover 25 years.


Acwa Power, Veolia and Oman-based Dhofar International Development and Investment Holding Company (DIDIC) has been awarded the Salalah Independent Water Project in Oman

Acwa Power, a major developer and operator of power and desalinated water plants, said its consortium with French water and energy management company Veolia and Oman-based Dhofar International Development and Investment Holding Company (DIDIC) has been awarded the Salalah Independent Water Project in Oman. The project is being procured by Oman Power and Water Procurement Company SAOC (OPWP) under a build-own-operate framework on the back of a 20-year Water Purchase Agreement. Dhofar Desalination Company, the project company, will be owned by Acwa Power, Veolia Middle East and Dhofar International Development & Investment Holding (Didic). The plant, to be located at Salalah in Dhofar region, will have a capacity to generate 25 million gallons per day of desalinated water using reverse osmosis technology, said a top official. “Water is the most vital commodity for human life as well as a necessity for all enterprises. We are delighted to have been awarded this project and the opportunity to continue supporting Oman as a reliable supplier of desalinated water and power,” remarked Paddy Padmanathan, the president and chief executive of Acwa Power. The Engineering, Procurement, and Construction of the plant will be handled by a consortium of Fisia Italimpianti SpA and Abeinsa Infraestructuras Medioambiente. The Operations and Maintenance of the plant will be undertaken by a consortium of Veolia Middle East, Nomac Oman and Didic. Thamer Al Sharhan, the managing director at Acwa Power, said: “Oman is a strategic country for Acwa Power – our portfolio of six plants can generate over 4,300 MW of power and 42 million gallons per day of desalinated water.” Acwa Power is committed to ensuring the success of this project while creating real value for the local communities, he stated. As such, the project will play a key role in meeting the increasing demand for water in Oman, which is expected to be on an average, about six per cent per annum over the next seven years, he added. A major investor in a portfolio of power generation and desalinated water production plants, Acwa Power has presence in 10 countries including in the Middle East and North Africa, Southern Africa and South East Asia regions. Its portfolio, with an investment value in excess of $30 billion, can generate 22+ GW of power and produce 2.7 million cu m/day of desalinated water to be mostly delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models. The group is owned by seven Saudi conglomerates including Sanabil Direct Investment Company (owned by the Public Investment Fund of Saudi Arabia), the Saudi Public Pensions Agency and the International Finance Corporation (a member of the World Bank Group). -TradeArabia News Service

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