ACWA Power Company announced Signing the Public-Private Partnership Agreement relating to the Design, Construction, Financing, Ownership, Operation and Maintenance of the Caspian Sea Water Desalination Plant between The Government of the Republic of Azerbaijan represented by Azerbaijan State Water Resources Agency as ADSEA and the public partner and ?Caspian Sea Azerbaijan Project Company? LLC as the Project Company. The Public Private Partnership Agreement along with a series of agreements were signed to deliver Azerbaijan?s first large-scale Caspian Sea Water Reverse Osmosis (SWRO) Desalination Plant.
Contract value: USD 400 million (SAR 1.5 billion). Contract Duration 27.5 years including the construction period. Date of Signing the Contract: December 26, 2025.
Acwa Power Company SJSC is a Saudi Arabia-based company, which is engaged in development, investment, operation and maintenance of power generation, water desalination. It operates in following segments: Thermal and Water Desalination, which develops, invests, operates and optimizes plants that include Independent Power Plants (IPPs), Independent Water and Power Plants (IWPPs) and Independent Water Plants(IWPs); Renewables, which develops, invests, operates and optimizes Photovoltaic(PV), Concentrated Solar Power(CSP), Wind plants, and Hydrogen; and Others, which comprises activities of corporate functions and other items that are not allocated to the reportable operating segments. Its subsidiaries include ACWA Power Saudi Electricity and Water Development Company, Kahromaa Company, Multiple Shares Company, ACWA Power Bahrain Holdings W.L.L., ACWA Power Management and Investments One Ltd and ACWA Power Global Services Ltd, among others.
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