ACWA Power

ACWA Power, incorporated in Saudi Arabia, is a developer, investor, owner and operator of power generation and desalinated water production plants that produces more than 13,000 MW of power and 2.37 Mm3/day of desalinated water with an investment value of over $15.2bn while employing more than 2,300 people. The current portfolio includes operating/under construction assets in Saudi Arabia, Jordan, Oman, Turkey, Morocco, Bulgaria, and South Africa, in addition to the world’s first two sea-going, barge-mounted, self-contained desalination plants. From its hub in Saudi Arabia, the company is expanding throughout the GCC into Jordan, Egypt and further afield to Turkey, Morocco, southern Africa and Europe. (Paddy Padmanathan represents ACWA Power as it is inducted into the World Finance 100 list for 2012)