Acwa Power

Acwa Power

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Partners/Competitors 11
Last update: Dec 6, 2024 Last update: Dec 6, 2024
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Details

Legal residence:Saudi Arabia
Organization type:Engineering firm
Funding agencies:AfDB, EIB, KFW
African Development Bank (HQ), European Investment Bank (HQ), Reconstruction Credit Institute /Kreditanstalt fur Wiederaufbau (HQ)
Sectors:Electrical Engineering, Energy, Water & Sanitation
Electrical Engineering, Energy, Water & Sanitation
Nr. of employees:1001-5000
Sanctions:Check now
Status:
Active

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About

ACWA Power International (ACWA Power) is a developer, investor, co-owner and operator of plants with a generation portfolio of 15,731 MW of power and 2.37 million m3/day of desalinated water with an investment value in excess of USD 23 billion and providing employment to more than 2,300 people.

The company, incorporated in the Kingdom of Saudi Arabia, with a paid-up capital of approx. USD 1.4 Billion is owned by eight Saudi conglomerates besides Sanabil Direct Investment Company (owned by the Public Investment Fund) and by the Saudi Public Pensions Agency. ACWA Power’s core business is the delivery of electricity and desalinated water by operating assets in which the company has a meaningful level of investment to exercise operational control.

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