Shareholding & Structure
Project Structure
Our Shareholders
Arabian Company for Water and Power Projects Limited (ACWA Power) – Shareholder
ACWA Power, incorporated in Kingdom of Saudi Arabia is a developer, investor and operator of power generation and desalinated water plants with approximately 67 assets in operation, construction, or advanced development across 13 countries. ACWA Power has a work force of approximately 3900 employees with approximately 60% local employment. ACWA Power’s portfolio, with an investment value more than US$ 66.5 billion capable of generating 42.7 GW power and producing 6.2 million m3/day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models (BOO/BOOT).
Its energy portfolio includes efficient combined cycle power plants, solar (Photovoltaic PV) and Concentrated Solar Power (CSP), geothermal, wind and coal pollution mitigation.
Advanced Private Investment Ventures Company (APIV) – Shareholder
Advanced Private Investment Ventures Company (APIV) is a company registered in KSA and is owned by HASSANA.
Rabigh Refining and Petrochemical Company (PRC) – Offtaker
Rabigh Refining & Petrochemical – Company (Petro Rabigh) was founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical. The plant is valued at about SAR 16.71 billion (25% funded by the public and the remainder equally funded by Saudi Aramco and Sumitomo Chemical) and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives.