Acwa Power Co - Company Profile
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Acwa 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.
Headquarters
Saudi Arabia
Address
Complex,Business Gate Office,Building 5, 2nd Floor, Airport Road, P.O. Box 22616, Riyadh, 11416
Website
acwapower.com
Telephone
966 1 12835555
Industry
Power
Ticker Symbol & Exchange
2082 (SAU)
Revenue (2022)
$1.6B
15.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
7.9%
(2022 vs 2021)
Market Cap*
$85.1B
Net Profit Margin (2022)
XYZ
-6.6%
(2022 vs 2021)
* As of and is in US$
Acwa Power Co premium industry data and analytics
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 | 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. |
| 2024 | Contracts/Agreements | In April, the company partnered with the International Renewable Energy Agency to provide sustainable energy solutions and accelerate the adoption and sustainable use of renewable energy globally. |
| 2024 | Contracts/Agreements | In April, the company entered into a power purchase agreement to build the 200-MW Nukus2 wind farm with a battery energy storage system (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 Sustainability Officer; Chief Risk Officer; Chief Strategy 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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