Shareholding & Structure
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 59 assets in operation, construction, or advanced development across 12 countries. ACWA Power has a work force of approximately 3500 employees with approximately 60% local employment. ACWA Power portfolio, with an investment value more than US$ 48.8 billion capable of generating 34 GW power and producing 5.9 Mm3 / 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.
OASIS Power One Conventional Energy and Water Company (OASIS) – Shareholder
Oasis Power One Conventional Energy and Water Company is a company registered in KSA and is 100% owned by ACWA Power.
Rabigh Refining and Petrochemical Company (PRC) – Offtaker
PRC was founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical. The Phase I project is valued at about US $10 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.