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and Marafiq Integrated water and power plants. . The company began its current phase of international expansion in 2011 with the acquisition of Central Electricity Generating Company (CEGCO) Jordan and the signature of a joint development agreement for the Kirikkale Combined Cycle Gas Turbine project
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As of 2014, 8% of ACWA Power’s energy portfolio was in renewable energy. ACWA Power has expressed an intention to increase its investment in renewables: of the new bids and projects still in the financing stage announced in 2014 US$ 7.4 billion of US$ 15 billion were in renewable energy. ACWA Power’s
173:. It invests in, develops, co-owns and operates a portfolio of 32 plants on three continents, with the capacity to generate 18GW of power and produce 2.5 million m3/day of desalinated water. ACWA Power and its subsidiary operating companies employ 2,850 people in projects in 12 different countries. 308:
Chosen in November 2014, as part of a consortium including China’s Harbin Electric to build and operate the US$ 1.8 billion, 1,200 MW Hassyan clean coal power project in Dubai . Two additional phases, to be constructed by 2020 and 2021 will bring the plant’s capacity to 3,600 MW.
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ACWA Power’s current ownership includes: eight Saudi private sector business houses, two Saudi government investment entities, namely Sanabil Direct Investments Company (a subsidiary of the Public Investment Fund) and the Saudi Public Pensions Agency, and the
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In 2002, the Government of the Kingdom of Saudi Arabia increased the role of the private sector in the Saudi economy by opening up the production of electricity and desalinated water to the private sector to own and operate.
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in Turkey, which subsequently won backing from the European Bank for Reconstruction and Development (EBRD). The company has since expanded throughout the world, although its core holdings remain the MENA region.
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In January 2016, the consortium signed a $ 2.2 billion investment agreement with Vietnam for the Nam Dinh 1 thermal power plant. The $ 2 billion coal fired power plant will generate 1,200MW upon completion.
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In September 2014 ACWA was shortlisted to build the Hassyan 1,200MW clean coal power plant as part of a $ 20 billion investment by the UAE Government that aims to help to diversify Dubai's energy mix by
217:) and the MADA Group for Industrial and Commercial Development founded in 2004 to take advantage of these new private sector investment and operation opportunities in the Saudi Arabian market. 318:
In January 2015 a consortium of ACWA Power and Spain's TSK were selected by Dubai Electricity and Water Authority (DEWA) as the preferred bidder to build a solar power plant in the emirate.
258:(formerly International Power) and ACWA had been pre-selected for the 200MW Noor II construction tender. The three groups were also pre-qualified for the 100MW Noor III tender. 264:
Noor I was inaugurated in February 2016 and will generate 160 MW of electricity. The second two phases currently under construction will generate a further 580 MW.
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In June 2014 a consortium including ACWA Power and Korea's Taekwang Power Holdings Company Limited signed an agreement to develop the Nam Dinh 1 IPP Project in
782: 783:"A consortium of ACWA Power Projects, Gulf Investment Corporation and Mitsubishi Corporation selected preferred bidder for Shuqaiq power and water project" 210: 524: 1421: 1129: 889: 599: 447: 1155: 209:
The company was founded in its current form in 2008 and succeeded ACWA Power Projects, a joint venture between ACWA Holding (representing the
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ACWA Power’s board of directors is chaired by Mohammad Abdullah Abunayyan and Paddy Padmanathan serves as its CEO and President.
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In 2015, ACWA were awarded a €1.7 billion contract for two further solar power projects, Noor II and Noor III, in Morocco.
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tender for construction, at a tariff of 5.98 USD cents/kWh, was the cheapest world solar energy tender ever offered.
1287: 501: 626: 363: 862: 809: 1475: 1049: 1341: 1076: 1446: 768: 729: 255: 110: 1529: 1314: 678: 114: 1194: 448:"Dubai's DEWA procures the world's cheapest solar energy ever: Riyadh, start your photocopiers" 1022: 239:
In 2012, a consortium led by ACWA won a €634m euro contract to build a solar power plant near
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The Acquisition International Fund awards: Energy Investment Firm of the Year – Saudi Arabia
574:"ACWA Power Secures $ 344 Million Loan For Solar PV Project With World's The Lowest Tariff" 220:
From 2004-2011, ACWA focused primarily on Saudi Arabia, and was awarded contracts for the
8: 1449:"Dewa planning Dh60bn of projects over five years to meet Dubai's power and water needs" 1185: 752: 713: 547:"DEWA selects Saudi ACWA and Spain's TSK for the project with the world's lowest LCOE" 472: 1527: 887: 118: 441: 439: 191: 1473: 942: 383: 381: 358: 356: 436: 298: 126: 1174: 1154: 1127: 914: 1582: 1233: 378: 353: 221: 1312: 1259: 1286: 17: 967: 1500: 994: 162: 142: 106: 59: 1419: 312: 1074: 1047: 214: 102: 240: 130: 122: 1366: 1021: 970:"ACWA Power's US$ 1 billion power plant in Turkey wins EBRD support" 834: 1530:"Dubai utility DEWA names preferred bidder for upsized solar plant" 1422:"Dubai Awards ACWA $ 1.8 Billion Power-Plant Deal on Rising Demand" 1339: 941: 496: 494: 150: 1207: 1130:"Morocco Awards Largest Solar Thermal Power Plants to ACWA, Sener" 1101: 1476:"Dubai names Harbin, ACWA preferred bidders for clean coal plant" 275: 251: 244: 170: 491: 1392: 1315:"Vietnam inks $ 2.2 bln power project with Saudi, Korean firms" 807: 53: 976:. The European Bank for Reconstruction and Development (EBRD) 409: 407: 166: 158: 154: 146: 974:
The European Bank for Reconstruction and Development (EBRD)
890:"Saudi firm buys stake in Jordan's largest power generator" 781: 340: 301:
were selected to build and operate the $ 1.8 billion plant.
1288:"Saudi Arabia's ACWA Power shifts toward renewable energy" 645: 404: 390:"Saudi Arabia's ACWA Power shifts toward renewable energy" 343:
quality awards: Angus Hindley Award for Project Excellence
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In October 2015, a consortium including ACWA and China's
1235:"Ceremony in Morocco marks progress on 500MW solar park" 1156:"Saudi's ACWA Power wins $ 2bn Morocco solar power deal" 1077:"Morocco gets 654 mln euro German loan for solar plants" 233: 90: 1050:"Morocco to tender for 2 solar plants totalling 300 MW" 313:
Sheikh Mohammed bin Rashid al-Maktoum Solar Park, Dubai
1503:"Dubai announces winning bidders for clean coal plant" 1340:
El Gamal, Rania; Dokoupil, Martin (8 September 2014).
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Narayanan, Archana; French, David (15 January 2015).
1262:"Saudi firm inks deal on $ 2bn Vietnam power project" 810:"Mitsubishi, GIC and ACWA selected for Saudi project" 525:"Saudi's ACWA bidding for over Dh18bn power projects" 917:"ACWA Power acquires $ 144m stake in Jordan's CEGCO" 861: 677: 618: 997:"Morocco starts construction of Noor 1 solar plant" 1162:. Arabian Business Publishing Ltd. 10 January 2015 1023:"Morocco starts production at 160 MW solar plant" 600:"ACWA Equity - Summary of Investment Information" 228: 1368:"Dubai shortlists 8 firms for clean coal plant" 1342:"Dubai Shortlists 8 Firms For Clean Coal Plant" 789:. Al Bawaba (Middle East) Ltd. 11 November 2006 837:"Consortium signs deals for Saudi power plant" 364:"Company Overview of ACWA Power International" 333:ACWA Power won the following awards in 2014: 1583:"UAE projects win big at MEED quality awards" 1395:"Harbin, Acwa to build $ 1.8b plant in Dubai" 1104:"Acwa wins €1.7bn Moroccan solar power deals" 250:In October 2013, a consortium led by Spain's 943:"Saudi's Acwa buys key stake in Jordan firm" 1557:"2014 Aquisition International Fund Awards" 387: 145:, ACWA Power maintains regional offices in 1209:"Morocco launches first solar power plant" 502:"ACWA Power: Born Saudi, growing globally" 704:"Desalination plants to be privatized". 685:. EMAP Publishing Limited. 22 March 2002 624: 869:. EMAP Publishing Limited. 2 March 2007 743:"SEC endorses privatization strategy". 659:. EMAP Publishing Limited. 8 March 2002 109:. Its energy portfolio includes solar ( 14: 1554: 808:Haitham, Haddadin (11 November 2006). 522: 1075:El Yaakoubi, Aziz (30 October 2013). 388:Shamseddine, Reem (22 October 2014). 234:Noor II, II, III, Ouarzazate, Morocco 1420:Dipaola, Anthony (13 October 2015). 268: 72:Chairman Mohammad Abdullah Abunayyan 1048:Aziz, El Yaakoubi (1 August 2013). 625:McDowall, Angus (25 January 2002). 606:. International Finance Corporation 23: 1102:Graves, LeAnne (13 January 2015). 1029:. Thomson Reuters. 4 February 2016 571: 445: 24: 1610: 1501:Staples, Andy (13 October 2015). 896:. Arabian Business Publishing Ltd 604:International Finance Corporation 523:Waheed, Abbas (1 February 2015). 415:"ACWA Power Business Report 2014" 188:International Finance Corporation 1447:Saadi, Dania (12 October 2015). 1393:Basit, Abdul (14 October 2015). 1260:Sambridge, Andy (21 June 2014). 1575: 1548: 1521: 1494: 1474:Arnold, Tom (13 October 2015). 1467: 1440: 1413: 1386: 1360: 1333: 1313:Nguyen, Mai (19 January 2016). 1306: 1280: 1253: 1241:. The National. 4 February 2016 1227: 1201: 1148: 1121: 1095: 1068: 1041: 1015: 988: 961: 935: 908: 881: 863:"Key Shuqaiq agreements signed" 855: 828: 801: 775: 736: 697: 679:"Gradual and continuous change" 671: 592: 285: 1374:. Al Arabiya. 7 September 2014 1128:Roca, Marc (12 January 2015). 888:Sambidge, Andy (4 June 2011). 835:Report, Staff (1 March 2007). 565: 539: 516: 504:. The European. 8 January 2015 465: 229:Notable Projects and Contracts 13: 1: 1215:. Al Arabiya. 5 February 2016 1003:. ITP Business Publishing Ltd 923:. ITP Business Publishing Ltd 915:Davids, Gavin (5 June 2011). 843:. Al Nisr Publishing LLC 2016 347: 136: 180: 7: 1589:. Trade Arabia. 15 May 2014 1555:Milnes, Paul (2 May 2014). 101:is a company that provides 10: 1615: 1294:. Reuters. 22 October 2014 995:Lane, Adam (14 May 2013). 921:ConstructionWeekOnline.com 653:"SWCC refines its options" 256:Engie Energy International 200: 633:. EMAP Publishing Limited 551:DEWA: Government of Dubai 328: 211:Abunayyan Holding Company 86: 76: 66: 48: 40: 32: 424:. ACWA Power. p. 38 115:Concentrated Solar Power 747:. Jeddah. 17 June 2002. 627:"A thirst for change" 91:http://acwapower.com/ 1399:www.khaleejtimes.com 1001:www.utilities-me.com 78:Number of employees 29: 1268:. Arabian Business 761:|access-date= 722:|access-date= 473:"About ACWA Power" 446:Moritz, Borgmann. 190:, a member of the 27: 1536:. Thomson Reuters 1482:. Thomson Reuters 1348:. Thomson Reuters 1321:. Thomson Reuters 1083:. Thomson Reuters 1056:. Thomson Reuters 816:. Thomson Reuters 269:Nam Dinh, Vietnam 141:Headquartered in 96: 95: 1606: 1599: 1598: 1596: 1594: 1579: 1573: 1572: 1570: 1568: 1552: 1546: 1545: 1543: 1541: 1525: 1519: 1518: 1516: 1514: 1498: 1492: 1491: 1489: 1487: 1471: 1465: 1464: 1462: 1460: 1444: 1438: 1437: 1435: 1433: 1417: 1411: 1410: 1408: 1406: 1390: 1384: 1383: 1381: 1379: 1364: 1358: 1357: 1355: 1353: 1337: 1331: 1330: 1328: 1326: 1310: 1304: 1303: 1301: 1299: 1284: 1278: 1277: 1275: 1273: 1266:Arabian Business 1257: 1251: 1250: 1248: 1246: 1231: 1225: 1224: 1222: 1220: 1205: 1199: 1198: 1193:Empty citation ( 1191: 1189: 1181: 1178: 1172: 1171: 1169: 1167: 1160:Arabian Business 1152: 1146: 1145: 1143: 1141: 1125: 1119: 1118: 1116: 1114: 1099: 1093: 1092: 1090: 1088: 1072: 1066: 1065: 1063: 1061: 1045: 1039: 1038: 1036: 1034: 1019: 1013: 1012: 1010: 1008: 992: 986: 985: 983: 981: 965: 959: 958: 956: 954: 949:. 22 August 2011 939: 933: 932: 930: 928: 912: 906: 905: 903: 901: 894:Arabian Business 885: 879: 878: 876: 874: 859: 853: 852: 850: 848: 832: 826: 825: 823: 821: 805: 799: 798: 796: 794: 779: 773: 772: 766: 762: 758: 756: 748: 740: 734: 733: 727: 723: 719: 717: 709: 701: 695: 694: 692: 690: 675: 669: 668: 666: 664: 649: 643: 642: 640: 638: 622: 616: 615: 613: 611: 596: 590: 589: 587: 585: 572:Mridul, Chadha. 569: 563: 562: 560: 558: 543: 537: 536: 534: 532: 527:. "Emirates24/7" 520: 514: 513: 511: 509: 498: 489: 488: 486: 484: 469: 463: 462: 460: 458: 443: 434: 433: 431: 429: 419: 411: 402: 401: 399: 397: 385: 376: 375: 373: 371: 360: 247:- called Noor I. 192:World Bank Group 30: 26: 1614: 1613: 1609: 1608: 1607: 1605: 1604: 1603: 1602: 1592: 1590: 1581: 1580: 1576: 1566: 1564: 1553: 1549: 1539: 1537: 1526: 1522: 1512: 1510: 1499: 1495: 1485: 1483: 1472: 1468: 1458: 1456: 1445: 1441: 1431: 1429: 1418: 1414: 1404: 1402: 1401:. Khaleej Times 1391: 1387: 1377: 1375: 1365: 1361: 1351: 1349: 1338: 1334: 1324: 1322: 1311: 1307: 1297: 1295: 1285: 1281: 1271: 1269: 1258: 1254: 1244: 1242: 1232: 1228: 1218: 1216: 1206: 1202: 1192: 1183: 1182: 1180: 1179: 1175: 1165: 1163: 1153: 1149: 1139: 1137: 1126: 1122: 1112: 1110: 1100: 1096: 1086: 1084: 1073: 1069: 1059: 1057: 1046: 1042: 1032: 1030: 1020: 1016: 1006: 1004: 993: 989: 979: 977: 966: 962: 952: 950: 940: 936: 926: 924: 913: 909: 899: 897: 886: 882: 872: 870: 860: 856: 846: 844: 833: 829: 819: 817: 806: 802: 792: 790: 780: 776: 764: 760: 759: 750: 749: 742: 741: 737: 725: 721: 720: 711: 710: 708:. 12 June 2002. 703: 702: 698: 688: 686: 676: 672: 662: 660: 651: 650: 646: 636: 634: 623: 619: 609: 607: 598: 597: 593: 583: 581: 580:. CleanTechnica 570: 566: 556: 554: 545: 544: 540: 530: 528: 521: 517: 507: 505: 500: 499: 492: 482: 480: 471: 470: 466: 456: 454: 444: 437: 427: 425: 417: 413: 412: 405: 395: 393: 386: 379: 369: 367: 366:. Bloomberg L.P 362: 361: 354: 350: 331: 325: 322: 315: 305: 299:Harbin Electric 288: 271: 236: 231: 203: 183: 139: 127:waste-to-energy 79: 69: 62: 56: 36:Private company 25: 22: 21: 20: 12: 11: 5: 1612: 1601: 1600: 1574: 1547: 1520: 1493: 1466: 1455:. The National 1439: 1412: 1385: 1359: 1332: 1305: 1279: 1252: 1226: 1200: 1173: 1147: 1120: 1094: 1067: 1040: 1014: 987: 960: 934: 907: 880: 854: 827: 800: 774: 735: 696: 670: 644: 617: 591: 564: 538: 515: 490: 464: 435: 403: 377: 351: 349: 346: 345: 344: 338: 330: 327: 320: 319: 314: 311: 303: 302: 294: 293: 287: 284: 283: 282: 279: 270: 267: 266: 265: 262: 259: 248: 235: 232: 230: 227: 202: 199: 182: 179: 138: 135: 94: 93: 88: 84: 83: 80: 77: 74: 73: 70: 67: 64: 63: 58: 52: 50: 46: 45: 42: 38: 37: 34: 15: 9: 6: 4: 3: 2: 1611: 1588: 1584: 1578: 1563:. Hedge Think 1562: 1558: 1551: 1535: 1531: 1524: 1508: 1504: 1497: 1481: 1477: 1470: 1454: 1450: 1443: 1427: 1423: 1416: 1400: 1396: 1389: 1373: 1369: 1363: 1347: 1343: 1336: 1320: 1316: 1309: 1293: 1289: 1283: 1267: 1263: 1256: 1240: 1236: 1230: 1214: 1210: 1204: 1196: 1187: 1177: 1161: 1157: 1151: 1135: 1134:Bloomberg.com 1131: 1124: 1109: 1105: 1098: 1082: 1078: 1071: 1055: 1051: 1044: 1028: 1024: 1018: 1002: 998: 991: 975: 971: 968:Rosca, Olga. 964: 948: 944: 938: 922: 918: 911: 895: 891: 884: 868: 864: 858: 842: 838: 831: 815: 811: 804: 788: 784: 778: 770: 754: 746: 739: 731: 715: 707: 706:Saudi Gazette 700: 684: 680: 674: 658: 654: 648: 632: 628: 621: 605: 601: 595: 579: 578:CleanTechnica 575: 568: 552: 548: 542: 526: 519: 503: 497: 495: 478: 474: 468: 453: 449: 442: 440: 423: 416: 410: 408: 391: 384: 382: 365: 359: 357: 352: 342: 339: 336: 335: 334: 326: 323: 317: 316: 310: 306: 300: 296: 295: 290: 289: 280: 277: 273: 272: 263: 260: 257: 253: 249: 246: 242: 238: 237: 226: 223: 218: 216: 212: 207: 198: 195: 193: 189: 178: 174: 172: 168: 164: 160: 156: 152: 148: 144: 134: 132: 128: 124: 120: 116: 112: 108: 104: 100: 92: 89: 85: 81: 75: 71: 65: 61: 55: 51: 47: 43: 39: 35: 31: 19: 18:User:GATalbot 1591:. 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Reuters 181:Structure 1507:GulfNews 980:17 March 953:17 March 927:17 March 900:17 March 873:17 March 847:17 March 820:17 March 793:17 March 689:15 March 663:15 March 637:15 March 557:15 March 151:Istanbul 117:(CSP)), 113:PV) and 1593:3 March 1567:3 March 1534:Reuters 1480:Reuters 1346:Reuters 1319:Reuters 1292:Reuters 1081:Reuters 1054:Reuters 1027:Reuters 610:3 March 584:3 March 531:3 March 508:3 March 483:3 March 457:3 March 428:3 March 396:3 March 370:3 March 276:Vietnam 252:Abengoa 245:Morocco 222:Shuqaiq 201:History 171:Beijing 87:Website 41:Founded 553:. DEWA 329:Awards 54:Riyadh 1540:2 May 1513:2 May 1486:2 May 1459:2 May 1432:2 May 1405:2 May 1378:2 May 1352:2 May 1325:2 May 1298:1 May 1272:1 May 1245:1 May 1219:1 May 1166:1 May 1140:1 May 1113:1 May 1087:1 May 1060:1 May 1033:1 May 1007:1 May 418:(PDF) 292:2030. 167:Hanoi 159:Rabat 155:Cairo 147:Dubai 16:< 1595:2016 1569:2016 1542:2016 1515:2016 1488:2016 1461:2016 1434:2016 1407:2016 1380:2016 1354:2016 1327:2016 1300:2016 1274:2016 1247:2016 1221:2016 1195:help 1168:2016 1142:2016 1115:2016 1089:2016 1062:2016 1035:2016 1009:2016 982:2016 955:2016 929:2016 902:2016 875:2016 867:MEED 849:2016 822:2016 795:2016 769:help 730:help 691:2016 683:MEED 665:2016 657:MEED 639:2016 631:MEED 612:2016 586:2016 559:2016 533:2016 510:2016 485:2016 459:2016 430:2016 398:2016 372:2016 341:MEED 213:and 169:and 123:wind 105:and 82:2850 44:2004 1585:. 1559:. 1532:. 1505:. 1478:. 1451:. 1424:. 1397:. 1370:. 1344:. 1317:. 1290:. 1264:. 1237:. 1211:. 1190:: 1188:}} 1184:{{ 1158:. 1132:. 1106:. 1079:. 1052:. 1025:. 999:. 972:. 945:. 919:. 892:. 865:. 839:. 812:. 785:. 757:: 755:}} 751:{{ 718:: 716:}} 712:{{ 681:. 655:. 629:. 602:. 576:. 549:. 493:^ 475:. 450:. 438:^ 420:. 406:^ 380:^ 355:^ 254:, 243:, 194:. 165:, 161:, 157:, 153:, 149:, 133:. 125:, 121:, 57:, 1597:. 1571:. 1544:. 1517:. 1490:. 1463:. 1436:. 1409:. 1382:. 1356:. 1329:. 1302:. 1276:. 1249:. 1223:. 1197:) 1170:. 1144:. 1117:. 1091:. 1064:. 1037:. 1011:. 984:. 957:. 931:. 904:. 877:. 851:. 824:. 797:. 771:) 767:( 732:) 728:( 693:. 667:. 641:. 614:. 588:. 561:. 535:. 512:. 487:. 461:. 432:. 400:. 374:. 278:.

Index

User:GATalbot
Riyadh
Saudi Arabia
http://acwapower.com/
electricity
desalination
Photovoltaic
Concentrated Solar Power
geothermal
wind
waste-to-energy
clean coal
Saudi Arabia
Dubai
Istanbul
Cairo
Rabat
Johannesburg
Hanoi
Beijing
International Finance Corporation
World Bank Group
Abunayyan Holding Company
Al-Muhaidib
Shuqaiq
Ouarzazate
Morocco
Abengoa
Engie Energy International
Vietnam

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