ACWA Power International is a developer, owner and operator of power generation and desalinated water production plants structured on a concession or utility outsourcing contract model co-funded within a limited recourse, project finance framework. The company, incorporated in the Kingdom of Saudi Arabia, is as a privately owned Joint Stock enterprise with a paid up capital of Saudi Riyal 3.36 Billion.

As the lead developer, for each opportunity it elects to pursue, ACWA Power International selects the optimal technical solution, procures the appropriate engineering, procurement and construction solution, prepares a robust business case and a financial model, structures equity and debt financing, and submits a competitive and comprehensive offer to supply water and/or power. To date, this strategy has translated into seven mega projects: Rabigh IWSPP, Shuaibah IWPP, Shuaibah Expansion IWP, Marafiq Jubail IWPP, Shuqaiq IWPP and Rabigh IPP all in the Kingdom of Saudi Arabia and now Barka 1 IWPP in Oman. This portfolio of projects, some of which are operational, will collectively deliver approximately 6,500 MW of power and 2.2 million cubic metres/day of desalinated water, all representing an asset value of Saudi Riyal 45 billion.

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...