Acwa, in consortium with Water Transmission Company (WTCO), has signed a Technical Services Agreement with Syria’s Ministry of Energy and engineering consultancy Fichtner to assess the country’s water resources and develop seawater desalination and transmission solutions.
Saudi-listed Acwa has reached the Project Commercial Operation Date (PCOD) for the utility systems serving The Red Sea destination, marking the first time a giga-project in Saudi Arabia has brought its entire utility infrastructure into commercial operation using only renewable energy and without support from the national grid.
Saudi utility major Acwa Power, in consortium with the Water Transmission Company (WTCO), has signed a technical services agreement with top engineering and consultancy group Fichtner to assess Syria’s water resources and develop solutions for seawater desalination and water transmission.
Veolia, a global leader in environmental services, has signed three strategic memorandums of understanding in water technologies and hazardous waste management with major players in Saudi Arabia's industrial development.
Saudi-listed Acwa has signed an MoU with Veolia in Paris to optimise seawater desalination, combining technical expertise to improve SWRO plant design, operations and equipment selection while reducing energy consumption.
Saudi-listed Acwa has signed an MoU with Korea Western Power (KOWEPO) to explore renewable energy opportunities in Uzbekistan. Signed in Tashkent, the agreement covers potential cooperation in renewable energy, energy storage and related infrastructure projects.
Saudi-listed Acwa has announced that its Board of Directors has recommended a cash dividend distribution of approximately SAR 352.6 million ($94.5 million) for the financial year ended December 31, 2025, as the company continues to focus on delivering sustainable shareholder value.
Acwa receives Saudi government approval for exclusive exports of green hydrogen derivatives, including green ammonia and methanol, while developing renewable electricity export projects to European and Arab markets.
Acwa has signed a Public-Private Partnership (PPP) and Power Purchase Agreement (PPA) for the development, financing, construction and operation of the N’diago 230 MW Combined Cycle Gas Turbine (CCGT) power plant in Mauritania.
The Saudi Power Procurement Company (Principal Buyer) has prequalified 27 leading developers including global utility majors EDF, Kepco and Marubeni as well as regional heavyweights Masdar and Acwa for its second group of Battery Energy Storage System (BESS) projects with a total capacity of 12,000 MWh.
