ACWA Power

ACWA Power-led consortium is the preferred bidder for 900MW 5th phase of MBR Solar park
DEWA has achieved a world record by receiving the lowest bid of USD 1.6953 cents per kilowatt hour (kW/h) for this phase
Financial closure achieved for largest desalination plant in Umm Al Quwain
The $800 million project is funded on a debt to equity ratio of up to 85/15. A syndicate of seven international and local lenders will provide the $680 million senior debt
Saudi Arabia's ACWA Power makes progress at Sakaka PV IPP
First phase of the project has been energized and the full plant will be operational before the end of the year
ACWA Power and NOMAC form company to provide advanced maintenance solutions for power and water plants in the Middle East
The services provided by the new company, NMES, will allow leading plants in the United Arab Emirates, Oman and the Kingdom of Saudi Arabia to significantly reduce overheads and downtime due to machinery breakdown and technical issues.
ACWA Power to create $11.5bn power plant JV with Saudi Aramco and Air Products
The proposed joint venture with Air Products and ACWA Power will own and operate the Jazan Integrated Gasification Combined Cycle and Power Plant and Jazan Air Separation Unit, valued at approximately USD $11.5bn
ACWA Power Signs Power Purchase Agreement for Egypt's 200MW Kom Ombo PV plant
The plant will power 130,000 homes with solar energy and offset 280,000 tonnes of carbon emissions annually

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