Acwa Power Co. (2082)

Overview

ACWA Power Company, previously known as International Company for Water and Power Projects, is a global leader in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants. Since its inception in 2004, the company has expanded its operations beyond the Kingdom of Saudi Arabia to an international footprint. ACWA Power specializes in creating high-efficiency and sustainable solutions for thermal power, water desalination, and renewable energy generation. It operates through its subsidiaries and consists of various segments including Thermal and Water Desalination, Renewables, and Others, showcasing its diverse portfolio in the energy and water sectors. The company is headquartered in Riyadh, the Kingdom of Saudi Arabia, marking a significant presence in the global energy market.

Products and Services

ACWA Power Company offers an extensive range of products and services across the energy and water sectors. These include:

• Electricity Generation: ACWA Power produces electricity using both conventional fossil fuels, such as oil, coal, and gas, and renewable energy sources, catering to the growing global demand for sustainable and reliable energy.
• Water Desalination: The company excels in the development, operation, and maintenance of water desalination plants, providing critical solutions for water-scarce regions around the world.
• Green Hydrogen and Green Ammonia Production: Pioneering in the green energy sector, ACWA Power invests in green hydrogen and green ammonia production, leveraging renewable energy sources to produce sustainable fuels.
• Renewable Energy Generation: The company’s renewable energy portfolio includes generating power through photovoltaic solar panels, concentrated solar power, wind plants, and hydrogen sources, highlighting its commitment to reducing carbon footprint and promoting clean energy.
• Contracting and Maintenance Services: ACWA Power also provides a suite of services including the installation, maintenance, and operation of electricity generation and desalination plants, ensuring high efficiency and reliability of its projects.
• Financial and Advisory Services: Leveraging its extensive experience, ACWA Power offers financial advisory, book-keeping and reporting, tax compliance, and related services to support and facilitate the development of energy and water projects.
• Reinsurance Services: The company extends its expertise to provide reinsurance services, adding a layer of security and financial stability to its comprehensive portfolio of offerings.