ACWA Power drives GCC utilities transformation

ACWA Power drives GCC utilities transformation
Published: 22 October 2018 - 7:09 a.m.
By: Baset Asaba

ACWA Power, headquartered in the Kingdom of Saudi Arabia, is a developer, investor and operator of a portfolio of power generation and desalinated water production plants. The company currently owns 49 assets in operation, construction or advance development, and employs more than 3,500 people in 11 countries across the Middle East and North Africa, Southern Africa and Southeast Asia regions.

ACWA Power produces electricity and desalinated water efficiently, reliably, and safely at low cost. The company is committed to communities it operates and invests in and works to ensure that it contributes to and impacts the countries’ social and economic development. Similarly, ACWA Power remains committed to providing communities with the right tools to deliver a sustainable energy strategy for future generations without compromising on local employment creation and economic development.

ACWA Power’s portfolio, with an investment value more than USD 30 billion, can generate 29+ GW of power and produce 3.2 million m3 /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.

A company that strives to achieve success by adhering to the values of Safety, People and Performance in operating its business, ACWA Power is owned by several Saudi conglomerates, including the Public Investment Fund of Saudi Arabia; Sanabil Direct Investment Company; the Saudi Public Pensions Agency; and the International Finance Corporation (a member of the World Bank ACWA Power).

How ACWA Power is supporting the transformation of the GCC utilities landscape.

ACWA Power has been operating over a decade with the focus of delivering low-cost water and energy projects at heart. ACWA Power relies on its well-established relationships with its stakeholders in the GCC that it has formed through trust of the company’s performance and commitment over the years – collaborations that extend through the value chain; help optimize the supply chain; and drive down costs associated with the construction, financing, and operation of the plants.

ACWA Power will continue to focus on reliably delivering electricity and desalinated water at low cost and supporting governments and the people of the MENA region to diversify the energy mix; increase efficiency; and reduce carbon emissions to fit into each country’s national transformation agenda and to support countries with their commitment to the international community.

ACWA Power at WETEX 2018

WETEX is the region’s preeminent water and energy conference, and a crucial element in our annual strategy. No other platform hosts the calibre of industry leaders that we see at WETEX, and few facilitate thought-provoking debates on how best to meet the Gulf region’s energy needs.

WETEX is a platform that offers us the opportunity to exchange insights with like-minded governments and companies that are committed to realizing a sustainable energy strategy and that aid our business structure and strategy that serves as a foundation for economic growth and social development around the world.

This year, we continue to partner with WETEX as Diamond sponsors, and will be part of numerous panel discussions on improving clean energy efficiencies.

The innovations that ACWA Power will be showcasing at WETEX

Through this pre-eminent water and energy conference in the region, ACWA Power is looking forward to showcasing its leadership in CSP and water desalination projects across the region, particularly in the UAE and Morocco.

ACWA Power is also pleased to be displaying the latest and most advanced technologies it’s been implementing in such projects and plants.

Being present at the water and energy conference in the region offers ACWA an inordinate opportunity to showcase out latest mega projects; key global projects; the latest technologies deployed within our project portfolio; as well as the progress made of the company’s major developments.

WETEX is a forum that allows us to engage with key stakeholders in the region and reaffirm our commitment to creating a sustainable future.

How visitors can locate ACWA Power at WETEX

The ACWA Power will be available at stand No. TSP2, Hall No. Zaabel 1 at the Dubai World Trade Centre.

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