Taweelah IWP obtains the first ever “sustainable loan” qualification for a desalination project
Independent assessor confirms project finance loan is aligned with the four components of both the Green Loan Principles and the Social Bond Principles.
ACWA Power is a developer, investor and operator of power generation and desalinated water production plants. Currently present in 12 countries in the Middle East, Africa and South East Asia, ACWA Power employs over 3,500 people with about 60% local employment.
ACWA Power’s portfolio includes 56 assets with an investment value of USD 45.5 billion, producing 31 GW of power and 5.2 million m3 /day of desalinated water delivered on a bulk basis to address the needs of state utilities on long-term, off-taker contracts under Public-Private-Partnership model.
Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power is co-owned by nine Saudi conglomerates, including Vision International Investment Company, Public Investment Fund (PIF), Saudi Public Pensions Agency and the International Finance Corporation (a member of the World Bank Group).
ACWA Power’s mission is to reliably deliver electricity and desalinated water at a low cost, thereby contributing effectively to the sustainable, social and economic development of communities and countries. ACWA Power is committed to the values of Safety, People and Performance in operating its business across all geographies. For more info, please visit www.acwapower.com.
Press Relations, Natixis
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