---

Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

---

ACWA Power

🌎 acwapower.com

ACWA Power is a leading developer, investor, co-owner, and operator of power generation and desalinated water production plants. The company operates a diverse portfolio of 90 assets across 13 countries, focusing on renewable energy and sustainability. ACWA Power is committed to delivering essential power and water services while driving the transition to a carbon-free future.

---

ACWA Power - Latest News and Updates

• ACWA Power announced the signing of a power agreement on November 18, 2024, in collaboration with Saudi Electricity Company and Korea.
• ACWA Power signed an MoU with Chapter Zero Kazakhstan at COP29 in Baku to collaborate on climate governance and educational programs, with Thomas Brostrøm, ACWA Power’s Chief Investment and Development Officer, representing the company.
• Nalini Ghela has joined ACWA Power as CEO/EMO Redstone CSP Power Plant in South Africa, previously holding a position at another company.
• ACWA Power signed an agreement with Japan's Itochu Corporation to explore collaboration in water, environment, and renewable energy sectors at COP29 in Azerbaijan.
• ACWA Power signed a power purchase agreement with Saudi Electricity Company and Korea Electric Power for the Rimah 1 and Nairiyah 1 projects, totaling 15 billion riyals.

• ACWA Power signed a Power Purchase Agreement with the Saudi Power Procurement Company for the $4 billion Rumah-1 and Al-Nairyah-1 power plants, each with a 1,800 MW capacity, holding a 35% stake in both projects.
• Hugh Raeburn has joined ACWA Power as Indonesia Project Director in Indonesia, previously serving as Executive Managing Director - AHK 1.1 GW Solar Project / Sana Taibah JV at Masdar (Abu Dhabi Future Energy Company).
• Mubashar Majeed has joined ACWA Power as VP-Head Construction CA Region CCGT, Solar, G Hydrogen & BESS Projects in Uzbekistan, previously holding a similar position at another company.
• ACWA Power will be a Bronze Sponsor at the 18th Annual GPCA Forum from December 2-5, 2024, in Muscat.
• ACWA Power received recognition from the World Economic Forum for its sustainability practices in the MENA region.

---

Sign up to receive regular updates

If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.