ACWA’s CEO bullish on future with assets doubling while costs fall on AI, automation – Saudi Arabia ACWA Power will stick to its ambitious spending plans after it goes public and double its assets over the next four years, the head of the energy and water company has told Arab News. Paddy Padmanathan, CEO of the business, was bullish about Acwa’s future prospects as he talked up how technological developments are revolutionising the way the company operates. The Riyadh-based firm already has 64 projects across the world, and Padmanathan insists there will be no slowing down when 81.2 million shares, representing 11.1 percent of the company, are […] ACWA’s CEO bullish on future with assets doubling while costs fall on AI, automation – Saudi ArabiaDME GmbH2021-09-10T12:57:39+02:00
Acciona secures $398m main contract for Jubail 3B Independent Water Plant in KSA – Saudi Arabia Acciona, the Spanish infrastructure giant, has announced that it has secured the main contract worth $398 million for the Jubail 3B Independent Water Plant (IWP) in Saudi Arabia. According to a statement, the Jubail 3B IWP plant, which is located 65km north of Dammam airport in KSA, will produce 570,000 cu m/day of potable water through reverse osmosis technology to supply the cities of Jubail and Dammam. The plant will include storage facilities for one operational day, in addition to an in-house renewable energy capacity to reduce grid electricity […] Acciona secures $398m main contract for Jubail 3B Independent Water Plant in KSA – Saudi ArabiaDME GmbH2021-08-05T10:19:44+02:00
Saudi suspended world’s largest desalination and power plant privatization due to pandemic — official – Saudi Arabia Saudi Arabia has suspended the privatization of Ras Al Khair Desalination and Power Plant due to the repercussions of the coronavirus pandemic, which slowed the responses it got from bidders, National Center for Privatization & PPP CEO Rayyan Nagadi said. “It is clear that the pandemic repercussions affected the response of companies in the world to a project of the size of the Ras Al-Khair plant,” he said. Suspension of the world’s biggest desalination and power plant privatization was announced by the Privatization Supervisory Committee for the Environment, Water […] Saudi suspended world’s largest desalination and power plant privatization due to pandemic — official – Saudi ArabiaDME GmbH2021-07-30T23:06:39+02:00
Saudi Arabia Suspends Privatization of Desalination and Power Plant – Saudi Arabia Saudi Arabia has suspended the privatization of the Ras Al Khair desalination and power plant, one of a number of state assets that the government aimed to sell to reduce pressure on capital spending and diversify revenues away from oil. “This decision was made in order to capitalize on knowledge and capacity built in the Kingdom as a result of many years of experience in the areas of water desalination, new technologies, R&D (research and development) and supply chains”, said the Privatization Supervisory Committee for the Environment, Water and Agriculture sectors. Saudi Arabia Suspends Privatization of Desalination and Power Plant – Saudi ArabiaDME GmbH2021-07-26T23:19:29+02:00
Saudi Arabia Halts $2 Billion Sale of Water Plant Stake – Saudi Arabia Saudi Arabia has halted the sale of one of the world’s biggest water plants, which had attracted interest from investors including France’s Engie SA, in a setback for the kingdom’s privatization plans. The Ras Al Khair desalination and power facility on Saudi Arabia’s east coast had cost more than $7 billion to build. The government, which had been hoping to accelerate asset sales this year, blamed disruptions caused by the coronavirus pandemic. (LINK). Saudi Arabia Halts $2 Billion Sale of Water Plant Stake – Saudi ArabiaDME GmbH2021-07-26T23:17:57+02:00
Saudi Arabia cracks down on water pollution – Saudi Arabia Saudi Arabia’s Ministry of Environment, Water and Agriculture began implementing the executive regulation for the protection of water from pollution across the Kingdom. The new legislation stipulates a fine ranging from 10,000 riyals to 20 million riyals for throwing wastewater or any untreated liquid components, discharging or injecting them into groundwater or into any environmental medium. It also states that all surface and groundwater resources are now public property, and can only be used by acquiring a licence from the country’s Ministry of Environment, Water and Agriculture. Saudi Arabia cracks down on water pollution – Saudi ArabiaDME GmbH2021-07-25T13:55:02+02:00
Abengoa begins commissioning of Saudi Arabia’s largest RO plant – Saudi Arabia Abengoa, an international provider of sustainable solutions for the infrastructure, energy and water sectors, has announced that it has produced the first permeate, that is, the first desalinated water, at the Rabigh 3 desalination plant that it is building in the Saudi city of Rabigh. The engineering, procurement and construction (EPC) contract for this project was awarded to a consortium of Abengoa, Sepco III (Power China) and Sidem (Veolia) in 2018. Acwa Power, a leading Saudi developer, investor and operator of power generation and water desalination plants, […] Abengoa begins commissioning of Saudi Arabia’s largest RO plant – Saudi ArabiaDME GmbH2021-07-16T11:11:07+02:00
Saudi National Water Co. restructures as part of privatization drive – Saudi Arabia MEWA has launched the latest phase of its restructuring of regional water facilities under the umbrella of the NWC, as part of the Kingdom’s wider privatization strategy. On Sunday, Abdul Rahman Al-Fadli, minister of environment, water and agriculture, launched the integration of the Western Cluster, around the Makkah region, and the Southern Cluster, consisting of the Asir, Jazan, Najran, and Al-Baha regions. The two clusters will be restructured under the NWC parent entity and are part of plans for all 13 regions in the Kingdom to be integrated into […] Saudi National Water Co. restructures as part of privatization drive – Saudi ArabiaDME GmbH2021-07-12T08:51:49+02:00
Saudi CMA Approves ACWA Power IPO – Saudi Arabia The Saudi CMA approved the request of the International Company for Water and Power Projects (ACWA POWER) application for public offering of 81.2 million shares, representing 11.1 percent of its share capital. The Company’s prospectus will be published within sufficient time prior to the start of the subscription period. The investment value of the company’s portfolio exceeds $66.1 billion, producing 42 gigawatts (GW) of electricity and 6.4 million cubic meters of desalinated water per day, provided as a huge production that meets the needs of state utilities, and according […] Saudi CMA Approves ACWA Power IPO – Saudi ArabiaDME GmbH2021-07-02T06:56:29+02:00
ACWA Power Wins Makkah Excellence Award for Rabigh 3 – Saudi Arabia ACWA Power announced receiving the Makkah Excellence Award for Rabigh 3 for water desalination based on reverse osmosis technology. The new desalination plant is designed with a capacity of 600,000 m³ / day of potable water. It is considered one of the largest desalination stations through reverse osmosis in the world, with an innovative design that guarantees efficiency and confidentiality compared to any other station. (LINK). ACWA Power Wins Makkah Excellence Award for Rabigh 3 – Saudi ArabiaDME GmbH2021-06-18T07:24:12+02:00