Welcome to the website of ACWA Power Projects. We develop independent water and power projects structured on a concession or utility outsourcing contract model financed using a limited recourse, project finance framework.

As a lead developer, ACWA Power Projects identifies opportunities for which it assembles a consortium of development partners and selects a full spectrum of advisors--technical, legal, environmental, insurance, and tax/financial. ACWA Power Projects sets out to identify the technical solution, select the EPC and O&M Contractors, prepare a business case and a financial model, structure equity and debt financing, and submit a competitive and comprehensive offer.

To date, this strategy has translated into five mega projects: Rabigh IWSPP, Shuaibah IWPP, Shuaibah Expansion IWP, Marafiq Jubail IWPP and Shuqaiq IWPP. Additionally, ACWA Power Projects is constructing two, barge-mounted, self-supporting desalination plants. While each of these six projects is in a various stage of construction and shall achieve commercial operation between 2008 and 2010, once completed, they will produce a total output of 4,850 MW of power and 2.23 million m3/day of desalinated water.

Backed by its enviable record of accomplishment of achievements in the Kingdom of Saudi Arabia, ACWA Power Projects is eying opportunities in the GCC region with plans to expand internationally in the nearer future.

Shuaibah Water and Electricity Co. "SWEC" (the Shuaibah IWPP): This first of such a transaction ($2.45 billion) in the Kingdom for the Water and Electricity Company...

Rabigh Arabian Water and Electricity Co. "RAWEC" (the Rabigh IWSPP): This $1.3 billion transaction will provide water, power and steam to serve the largest petrochemical complex...

Jubail Water and Electricity Co. "JWAP" (the Marafiq Jubail IWPP): This $3.5 billion transaction will supply water and power to the Jubail Industrial City commencing 2010...