Acwa Power

OverviewSuggest Edit

Acwa Power is a developer, investor, and operator of power generation and desalinated water production plants. Its energy portfolio includes efficient combined cycle power plants, solar (photovoltaic PV) and concentrated solar power (CSP), geothermal, wind, waste-to-energy (WtE), and coal pollution mitigation.

TypePrivate
Founded2004
HQRiyadh, SA
Websiteacwapower.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)3,500
Revenue (FY, 2019)﷼1.9 B(-5%)
Cybersecurity ratingCMore
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Key People/Management at Acwa Power

Paddy Padmanathan

Paddy Padmanathan

President, Chief Executive Officer
Mohammad A. Abunayyan

Mohammad A. Abunayyan

Chairman of the Board of Directors
Rajit Nanda

Rajit Nanda

Chief PM Officer, Chief Investment Officer(CIO)
Thamer Al-Sharhan

Thamer Al-Sharhan

Vice Chairman
Kashif Rana

Kashif Rana

Chief Financial Officer
Julio Torre-Gutierrez

Julio Torre-Gutierrez

Chief Operations and Maintenance Officer. President and CEO, NOMAC
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Acwa Power Office Locations

Acwa Power has offices in Riyadh, Jeddah, Baku, Beijing and in 11 other locations
Riyadh, SA (HQ)
Exit 8, near SABIC, KKI، Airport Road, Qurtubah
Jeddah, SA
King Abdulaziz Branch Rd, Ash Shati
Baku, AZ
"Landmark III", 90A Nizami street
Beijing, CN
701-701, Taikang Int’l Tower, No. 2 Wudinghou Street, Xicheng District
New Cairo, EG
Giza Systems Building, 1st Floor, Second Sector
Addis Ababa, ET
Ras Mekonen Ave
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Acwa Power Financials and Metrics

Summary Metrics

Founding Date

2004
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Acwa Power Revenue

Acwa Power's revenue was reported to be ﷼1.88 b in FY, 2019 which is a 5% decrease from the previous period.
SAR

Revenue (FY, 2019)

1.9b

Revenue growth (FY, 2018 - FY, 2019), %

(5%)

Net income (FY, 2019)

1.2b

Cash (31-Dec-2019)

2.8b
SARFY, 2017FY, 2018FY, 2019

Revenue

1.6b2.0b1.9b

Revenue growth, %

26%(5%)

Net Income

920.0m(774.0m)1.2b

EPS

1.7
SARFY, 2017FY, 2018FY, 2019

Cash

3.2b5.5b2.8b

Total Assets

32.7b36.2b37.7b
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Acwa Power Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

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Acwa Power Online and Social Media Presence

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Acwa Power News and Updates

Egypt’s Largest Solar Plant, Kom Ombo, Receives Us$ 114 Million Financing Package

The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank today signed a US$ 114 million financing package with ACWA Power for the construction of the large…

Under the Patronage of the Crown Prince and Saudi Minister of Energy: Acwa Power Inaugurates KSA’s First Utility Scale Renewable Energy Project

ACWA Power today announces the official inauguration of the 300 MW Sakaka PV IPP, KSA’s first utility scale renewable energy project, at an investment value of 1.2 billion Saudi riyals.

Public Investment Fund (PIF) Reaches Major Milestone in Landmark Solar PV Project

The Public Investment Fund (“PIF” or “Fund”) announced today a major milestone in its renewable energy program with the launch of the Sudair Solar PV plant in Sudair Industrial City, with a PIF-backed consortium signing a power purchase agreement with the Saudi Power Procurement Company for 25 years…

Acwa Power Signs Final Project Agreements on 200MW Kom Ombo PV Plant With Egyptian Government

ACWA Power has finalised the project agreements for the 200MW Kom Ombo PV plant in Egypt.

Acwa Power Signs Financing Package for USD1 Billion Gas Power Project in Uzbekistan

ACWA Power has announced the successful financial closure for the development, construction and operation of the 1500 MW Sirdarya Combined Cycle Gas-Turbine (CCGT) power plant in Uzbekistan.

Acwa Power Frequently Asked Questions

  • When was Acwa Power founded?

    Acwa Power was founded in 2004.

  • Who are Acwa Power key executives?

    Acwa Power's key executives are Paddy Padmanathan, Mohammad A. Abunayyan and Rajit Nanda.

  • How many employees does Acwa Power have?

    Acwa Power has 3,500 employees.

  • What is Acwa Power revenue?

    Latest Acwa Power annual revenue is ﷼1.9 b.

  • What is Acwa Power revenue per employee?

    Latest Acwa Power revenue per employee is ﷼537.4 k.

  • Who are Acwa Power competitors?

    Competitors of Acwa Power include SUEZ, Veolia and Aquatech International.

  • Where is Acwa Power headquarters?

    Acwa Power headquarters is located at Exit 8, near SABIC, KKI، Airport Road, Qurtubah, Riyadh.

  • Where are Acwa Power offices?

    Acwa Power has offices in Riyadh, Jeddah, Baku, Beijing and in 11 other locations.

  • How many offices does Acwa Power have?

    Acwa Power has 15 offices.