ACWA Power
ACWA Power is a company that is part of the pulse of the water sector. Here we bring together everything it publishes on Smart Water Magazine: its news, its blogs and the events it takes part in.
Acwa Board of Directors names Dr. Samir J. Serhan Chief Executive Officer
Dr. Serhan was previously President of Saudi Arabia and the Middle East at Acwa, and formerly Chief Operating Officer of US-based Air Products. Marco Arcelli, CEO of Acwa since March 2023, remains as an advisor to the Chairman of the Board of Directors to ensure a smooth transition.
ACWA Power consortium secures $4.1bn deal for Kuwait Az-Zour North IWPP Project
Witnessed by His Royal Highness Prince Abdulaziz bin Salman, Saudi Minister of Energy, Acwa, the world’s largest private water desalination company, a leader in energy transition and first mover into green hydrogen, and Gulf Investment Corporation (GIC), announced the signing of the Energy Conversion and Water Purchase Agreement (ECWPA) for the Az-Zour North Phase 2 & […]
ACWA Power successfully refinances Rabigh 3 Water Project
The transaction sets a new benchmark for sustainable water infrastructure financing and demonstrates strong international investor appetite for high-quality, investment-grade projects in Saudi Arabia.
ACWA Power and AfDB seal $5 billion Africa energy and water cooperation
ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed a Cooperation Framework with the African Development Bank (AfDB) during the Africa Investment Forum held in Rabat, Morocco, to significantly strengthen collaboration in the development, investment and financing of power generation and water desalination […]
ACWA Power completes strategic acquisition of ENGIE’s power and water assets in Bahrain
ACWA Power, the world’s largest private water desalination company, a leader in energy transition, and first mover into green hydrogen, today announced the successful completion of its strategic acquisition of ENGIE’s stakes in gas-fired power generation and water desalination assets in Bahrain, along with the related Operations & Maintenance (O&M) companies. The acquired Bahrain portfolio […]
ACWA Power, GIC to develop $4 billion Az-Zour North 2 & 3 power and water megaproject in Kuwait
The project is set to be the largest integrated power and water plant in Kuwait with a net power generation capacity of at least 2,700 megawatts and a net desalinated water production capacity of at least 120 MIGD.
ACWA power inks deal for West Africa’s largest green-powered desalination project in Senegal
The 400,000 m3/day Grande-Côte seawater desalination project, fully reliant on green electricity, will serve Dakar and its surrounding areas. The project will be delivered in two phases of 200,000 m³/day each, with full commercial operations expected by 2031.
Danantara, ACWA Power, and Pertamina ink $10 billion deal to drive Indonesia’s desalination push
Badan Pengelola Investasi Daya Anagata Nusantara Danantara Indonesia) has announced the signing of a Memorandum of Understanding (MoU)with ACWA Power, the world’s largest private water desalination company, a leader in energy transition and a first mover into green hydrogen. ACWA Power has also entered a strategic partnership with PT Pertamina, an Indonesian state-owned oil and gas corporation, […]
ACWA Power expands US ties with $500m in new agreements
ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, announced the signing of Memorandums of Understanding (MoUs) with US companies, totalling USD 500 million. Signed at the Saudi–US Investment Forum in Riyadh, these agreements build on ACWA Power's existing partnerships with American firms, […]