01 October 2015

Saudi-based power and water project developer Acwa Power has its sights set on regional hubs with $15 billion worth of projects set for construction in the future.

The company, which has $27 billion worth of assets with another $17 billion under construction, said it will use regional hubs based in Rabat (Morocco), Cairo (Egypt) and Johannesburg (South Africa) to expand. Each region would contribute around 6,000 MW of renewable energy within the next five years, said Paddy Padmanathan, president and CEO.

• Healthy backlog keeps Pan Gulf Valves busy
• $4.7bn deals for gas plant
• Centres planned
• Valvserve achieves impressive growth
• $12bn land acquired for Jeddah Metro project
• $320m lifestyle hub on way for Riyadh
• Tax plan on undeveloped land
• L&T wins Riyadh metro deal
• Update
• Contracts to be signed for Makkah Metro Phase One
• ACWA sets sights on regional hubs
• New body to cut project delays

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