Acwa Power Co - Company Profile
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View moreAcwa Power Co (Acwa Power), formerly International Company for Water and Power Projects, is a developer, investor, and operator of power generation, renewable energy and desalinated water production plants. It supplies electricity and potable water to its customers in the region. It generates power through oil, gas, solar and wind technologies. Acwa Power also offers operation and maintenance services to power and water desalination industry through its subsidiary, the First National Operations & Maintenance Company. The company has operations across the Middle East, Africa and Asia. Acwa Power is headquartered in Riyadh, Saudi Arabia.
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Products and Services
Products | Services |
---|---|
Desalinated Water | Operation and Maintenance of Power Plants |
Electricity | Operation and Maintenance of Water Desalinization Plants |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In May, the company entered into a US$4.85 billion power purchase agreement with the National Electric Grid of Uzbekistan for the Aral 5GW Wind Independent Power Producer project in the Karakalpakstan region, Uzbekistan. |
2024 | Contracts/Agreements | In May, the company entered into an agreement with the Azerbaijani Energy Ministry for a 200 MW Battery Energy Storage System in Baku, Azerbaijan. |
2024 | Financing Agreements | In April, the company secured a loan worth US$80 million from the Bank of China for Tashkent 200MW Solar PV and 500MWh BESS in Uzbekistan. |
Competitor Comparison
Key Parameters | Acwa Power Co | Marafiq | Saline Water Conversion Corp |
---|---|---|---|
Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia |
City | Riyadh | Jubail | Riyadh |
State/Province | - | Eastern Province | Riyadh |
No. of Employees | - | - | - |
Entity Type | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Marco Arcelli | Chief Executive Officer | Senior Management | 2023 | - |
Abdulhameed Al-Muhaidib | Chief Financial Officer | Senior Management | 2022 | - |
Philip De Cnudde | Chief Strategy Officer; Chief Risk Officer; Chief Sustainability Officer | Senior Management | 2021 | - |
Bart Boesmans | Chief Technology Officer | Senior Management | - | - |
Ghassan H. Shawli | Chief Legal Officer | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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