01 March 2019

Saudi-based Acwa Power has announced plans to boost its water desalination and power generation capacity and grow two-fold over the next five years with investments estimated at $35 billion.

Acwa Power is the fastest growing power and water developer in the Middle East and Africa, with operations in three continents, providing reliable power at low cost.

As part of its new growth strategy, the Saudi group is set to enter newer territories, said its top official.

“We have already chalked out our next plan of action which will see Acwa Power enter 25 countries in a big way by 2025,” remarked president and CEO Paddy Padmanathan, who was speaking at the recent World Future Energy Summit (WFES) held as part of Abu Dhabi Sustainability Week.

During the event, Acwa Power cemented its position as a leading sustainability enabler in the region by shedding light on solutions to solving the world’s energy and water challenges.  

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