PIF increases its stake in ACWA Power from 33.36% to 50%
The investment comes as part of PIF’s strategy to support the development of the renewable energy sector within Saudi Arabia and to support the growth of national champions
ACWA Power expected to play an integral role in the development of...

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Riyadh, 16 November 2020: The Red Sea Development Company (TRSDC), the developer of the world’s most ambitious regenerative tourism project, has awarded its highest-value contract to date to a consortium led by ACWA Power to design, build, operate and transfer The Red Sea Project’s utilities infr...

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His Excellency Eng. Abdulrahman bin Abdulmohsen Al-Fadhly, Minister of Environment, Water and Agriculture and Chairman of the Board of Directors of Water and Electricity Company, alongside His Excellency Eng. Ali bin Abdulrahman Al-Hazmi, Vice Chairman of and Governor of the Saline Water Conversi...

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ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, leading a consortium with AlGihaz Holding Company, a major Saudi contractor and investor, acting as a consortium announced the successful financial closure of the c. SAR 1.2 billion Sakaka PV I...

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The Crown Prince of Saudi Arabia, HRH Mohammad bin Salman also attended the event

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia officially commences the ground-breaking ceremony for the 300 MW Sakaka PV IPP - the first renewable energy project under King Salman...

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A consortium led by ACWA Power has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a gas-fired combined cycle plant in the presence of H.E. Prime Minister of Egypt, Eng. Mustafa Madbuoly, the Minister of Electricity and Renewable Energy, Dr. M...

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ACWA Power, a global leader in water desalination and power generation, will be showcasing the latest projects in its global portfolio drawing emphasis to the company’s commitment to the communities it operates in at the upcoming Water, Energy, Technology and Environment Exhibition (WETEX 2018), ...

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Riyadh, Kingdom of Saudi Arabia, for immediate release, 4th July, 2018: The Public Investment Fund of Saudi Arabia and International Company For Water And Power Projects (“ACWA Power” or the “Company”), a leading developer, owner, and operator of power generation and water desalination plants, to...

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Record-Breaking Tariff Achieved for the 300 MW PV Project
A 25-year PPA contract was awarded to ACWA Power at a new world record tariff of 8.781 halalas/kWh (US Cents 2.3417/kWh)
Located at a site at Al Jouf spanning over six square kilometers, Skaka plant of an investment value of c. SR ...

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ACWA Power

ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants.

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