Company Profile
ACWA Power Company provides the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.
Its operations are structured into Thermal and Water Desalination. Its portfolio also includes Renewables, and Others segments. It generates power through fossil fuel, such as oil, coal, and gas.
It also sells electricity, desalinated water, and green hydrogen and/or green ammonia. Additionally, it installs, maintains, and operates contracting of electricity generation, and desalination plants.
Its portfolio also includes power plants, generating renewable energy using photovoltaic, concentrated solar power, wind plants, and hydrogen sources, investment in industrial and commercial enterprises and management, managing office, and provision of financial advisory, book-keeping and reporting, tax compliance, and related services
Reinsurance services. It also constructs, owns, buys, manages, operates, and invests in industrial, services and construction projects of power stations, electricity, steam stations, water desalination plants and provides operation and maintenance under long-term contracts supplies power, water, desalinated water, and steam.
Founded in 2004 and headquartered in Riyadh, the Kingdom of Saudi Arabia, ACWA Power Company was formerly known as International Company for Water and Power Projects before rebranding in January 2022.