Company Overview of ACWA Holding Company
ACWA Holding Company, through its subsidiaries, operates in power and water, manufacturing, utilities and services, construction and contracting, transportation, and real estate businesses. The company develops, owns, and operates power generation and desalinated water production plants; manufactures and operates reverse osmosis desalination plants; offers engineering and other consultancy services; and integrates technologies in the fields of electrical and electro-mechanical engineering. It also provides management services for water supply and wastewater collection, treatment, and reuse facilities; develops, owns, and operates wastewater treatment plants; undertakes wastewater reuse proje...
P.O. Box 321
Founded in 2002
Key Executives for ACWA Holding Company
Managing Director and Director
Compensation as of Fiscal Year 2016.
ACWA Holding Company Key Developments
Egypt- Electricity Ministry Agrees with Acwa Power to Establish Power Plant in Luxor
May 14 17
The Ministry of Electricity has agreed with the Acwa Power to launch a power plant with a capacity of 2,250 MW in Luxor governorate. The new plant was supposed to be established in Dayrut city in Beheira, but the lack of transmission stations in the region forced the government to move the project to Luxor.
Zain Saudi In Talks To Sell Mobile Towers To TASC And ACWA
Dec 22 16
Mobile Telecommunications Company Saudi Arabia (SASE:7030) (Zain Saudi) in talks to sell mobile towers to TASC SAL and ACWA Holding Company. Zain Saudi is 37% owned by Z Mobile Telecommunications Company K.S.C.P. (Zain Group). Zain Group expects to sell its Saudi transmitter towers for over $500m in the first half of 2017, Chief Executive, Scott Gegenheimer told Reuters on November 9, 2016. Zain Saudi competitors Saudi Telecom Company (SASE:7010) and Etihad Etisalat Company (SASE:7020) are also studying whether to sell or merge their towers to cut costs.
ACWA Power Set to Launch New Company, ACWA Power RenewCo.; Appoints Chris Ehlers Chief Executive Officer of ACWA Power RenewCo
Nov 9 16
ACWA Power is set to launch a new company that will group its existing renewable energy portfolio and act as a platform to capitalize on the rapidly growing market potential for renewable energy in emerging markets. They currently produce over 1 GW of renewable power in markets which have an energy gap. All the power they generate was procured through transparent competitive bidding and is supplied on long-term offtake contracts to entities supported by stable, sovereign backed Power Purchase Agreements (PPAs), which offers significant risk mitigation and in turn has enabled them to deliver competitive tariffs providing stable, long-term revenues to ACWA Power RenewCo. With rapid advances in technology and efficiency in manufacturing and construction driving down capital cost, with the quality of RE resources available and the low interest rate environment, RE is the most competitive solution for the segment of energy they consume when the sun is shining or the wind is blowing even when compared to the alternative where fossil fuel is subsidized. ACWA Power currently has a presence in 11 countries across the Middle East and North Africa, Turkey, Southern Africa and South East Asia regions. Its portfolio with an investment value in excess of USD 33 billion generates 23+ GW of power and produces 2.5 million m3 /day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long-term off-take contracts under Public-Private-Partnership, concession and utility services outsourcing models.
The new company that has been established ACWA Power RewnewCo - will be headed by Chris Ehlers, currently Chief Operating Officer Renewables at ACWA Power, who has been appointed Chief Executive Officer.
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