About ACWA Power Company
ACWA Power Company, along with its subsidiaries, specializes in the investment, development, operation, and maintenance of:
- Power generation plants
- Water desalination facilities
- Green hydrogen production plants
The company operates primarily in Saudi Arabia, the Middle East, Asia, and Africa.
Business Segments
ACWA Power operates through three key segments:
- Thermal and Water Desalination – Power generation using fossil fuels (oil, coal, gas) and water desalination.
- Renewables – Renewable energy generation via solar (photovoltaic & concentrated solar power), wind, and hydrogen sources.
- Others – Includes financial advisory, tax compliance, reinsurance, and operational support services.
Products & Services
The company provides:
- Electricity and desalinated water
- Green hydrogen and green ammonia
- Plant installation, maintenance, and operation services
Company Background
Originally named International Company for Water and Power Projects, the company rebranded to ACWA Power Company in January 2022.
Founded: 2004
Headquarters: Riyadh, Kingdom of Saudi Arabia