ACWA Power is a developer, investor, co-owner and operator of power generation and desalinated water production plants of contracted capacity of 14,800 MW of electricity and 2.37 million m3/day of desalinated water with an investment value in excess of USD 19 billion and providing employment to more than 2,300 people.
The company, incorporated in the Kingdom of Saudi Arabia, with a paid-up of USD 1.4 Billion is owned by eight Saudi private Conglomerates and by Sanabil, the investment arm of PIF, the sovereign wealth find of Saudi Arabia and by the Public Pensions Agency. ACWA Powers 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.
The current portfolio of assets and investments delivers 12% of power and 45% of desalinated water in Saudi Arabia; 60% of power in Jordan; 12% of power and 12% of desalinated water in Oman and 60MWp using photovoltaic technology in Bulgaria. The portfolio also includes the worlds first two sea going barge mounted, self-contained water desalination plants each producing 25,000 mł/day of water currently operating in Saudi Arabia.
From its head office in Saudi Arabia, ACWA Power is today operating throughout the GCC, Jordan, and Egypt and further afield in Turkey, Morocco, and the Southern cone of Africa.