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    2082   SA15CGS10H12

ACWA POWER COMPANY

(2082)
  Report
End-of-day quote Saudi Arabian Stock Exchange  -  2022-11-23
141.40 SAR   +1.14%
11/24Acwa Power : to expand Indonesian portfolio via an extensive renewable energy and green hydrogen partnership with PT Perusahaan Listrik Negara (PLN)
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11/23Acwa Power : set to collaborate with Indonesia's PERTAMINA NRE to energise Tuban Refinery
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11/17Egypt close to deals on 1GW of solar and wind projects
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ENERGO: Chinese fund acquires 49% of future TPP in Uzbekistan from Saudi ACWA

09/22/2022 | 06:15pm EST

China’s Silk Road Fund (SRF) has purchased 49% of the shares in a $1bn gas-fired power plant in Uzbekistan from Saudi private operator ACWA Power. The deal was disclosed on the day of arrival of Chinese President Xi Jinping for the Shangahi Cooperation Organisation (SCO) summit held in Samarkand, Uzbekistan, last week.

Under the agreement, SRF will own almost half of the 1.5-GW combined cycle gas-fired power plant in Syrdarya region, while ACWA Power will continue to be the majority shareholder with a 51% stake in the facility.

The agreement is expected to close by 4Q22. In commercial operation, the plant will be responsible for 8% of installed power capacity in Uzbekistan and meet 15% of the country’s electricity demand across industry and households.

“The project symbolises the co-operation under the Belt and Road Initiative among China, Saudi Arabia and Uzbekistan. Silk Road Fund will partner with ACWA Power to bring cleaner power in a more efficient way to local people,” said fund chairwoman Zhu Jun

©2022 bne IntelliNews , source Magazine

All news about ACWA POWER COMPANY
11/24Acwa Power : to expand Indonesian portfolio via an extensive renewable energy and green hy..
PU
11/23Acwa Power : set to collaborate with Indonesia's PERTAMINA NRE to energise Tuban Refinery
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11/17Egypt close to deals on 1GW of solar and wind projects
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11/15Acwa Power : The Sovereign Fund of Egypt joins ACWA Power as co-investor of 1.1 GW Wind En..
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11/15Pertamina NRE and ACWA Power Collaborate to Support Tuban Grass Root Refinery
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11/08Acwa Power : set to explore bringing on Oman Investment Authority as co-investor for 1.1GW..
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11/03Transcript : ACWA POWER Company, Nine Months 2022 Earnings Call, Nov 03, 2022
CI
11/03Acwa Power : Interim Cons FS for the three and nine months periods ended 30 September 2022
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11/03Acwa Power : Earnings Call Presentation for the three and nine months period ended 30 Sept..
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11/03Acwa Power : Investor Report for the three and nine months periods ended 30 September 2022
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Financials
Sales 2022 4 334 M 1 153 M 1 153 M
Net income 2022 1 723 M 459 M 459 M
Net Debt 2022 27 266 M 7 257 M 7 257 M
P/E ratio 2022 60,0x
Yield 2022 0,96%
Capitalization 103 B 27 512 M 27 512 M
EV / Sales 2022 30,1x
EV / Sales 2023 25,4x
Nbr of Employees 3 538
Free-Float 18,2%
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Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 141,40 SAR
Average target price 99,12 SAR
Spread / Average Target -29,9%
EPS Revisions
Managers and Directors
Paddy Padmanathan Vice Chairman & Chief Executive Officer
Abdulhameed Al-Muhaidib Manager-Corporate Finance
Mohammad bin Abdullah Rashid Abunayyan Non-Executive Chairman
Bart Boesmans Chief Technology Officer
Julio Torre Guiterrez Chief Operations & Maintenance Officer
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