
The Chairman of the Company's Board of Directors Mohammed bin Abdullah Abunyan said in a press statement today that the company added more than 15,000 megawatts of generating capacity of electric power in the past decade, noting that the Company is considered one of the largest owners and operators of desalination plants of saline sea water in the world, as well as in emerging markets.
He expressed his happiness to attract the IFC through its investment in ACWA Power Company, which is an investment in the Middle East and North Africa through a series of the Company's projects in a number of these states.
For his part, the Chief Executive Officer of ACWA Power Company, Paddy Padmanathan said that the IFC is an investment partner and one of the funders of many investment assets in the company's portfolio, pointing out that the Corporation and the Company are working in line with the provision of electricity and desalinated water at the lowest possible cost to support social and economic development of emerging economies, which the company has chosen to participate in the Middle East, Arab Orient, Africa and Southeast Asia in general, in addition to taking the initiative and playing a key role in expanding the base of the fuel mix used in the production of electricity to include renewable energy and focus on more efficient use of fuel, in particular.
GMT 14:36 2018 Sunday ,14 January
Fossil fuels blown away by wind in cost terms: studyGMT 18:20 2018 Thursday ,11 January
Ukraine to launch its first solar plant at ChernobylGMT 18:44 2018 Tuesday ,09 January
Finland's Fortum snaps up EON's fossil fuels stakeGMT 17:39 2018 Wednesday ,03 January
Norway powers ahead electrically with over half of new car sales now electric or hybridGMT 15:36 2018 Wednesday ,03 January
Minister of Mining Says Govt. Invested MAD 12.3 Billion between 2003-2017GMT 18:00 2017 Saturday ,23 December
Energy prices bump key US inflation index up in NovemberGMT 09:01 2017 Friday ,15 December
BP plan to buy Australian petrol pump network blockedGMT 14:54 2017 Monday ,27 November
Belarus nuclear power plant stirs fears in Lithuania
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor