Partnership reflects ACWA Power's commitment to the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote renewable
Recent achievements set a global benchmark in solar energy sector
Saudi Arabia: ACWA Power will be participating as a strategic partner for the 17th edition of Water, Energy, Technology and Environment Exhibition (WETEX 2015).This year's exhibition will take place on April 21-23 at Dubai International Convention and Exhibition Centre. In line with the event's theme 'At the Forefront of Sustainability', ACWA Power will showcase its expertise in the solar energy sector with focus on milestones recorded in Phase II of the Mohammed bin Rashid Solar Park in Dubai.
Commenting on this year's exhibition, Thamer Al Sharhan, Managing Director of ACWA Power said "WETEX has grown over the past 17 years into a leading global platform for green solutions. With operations in 10 countries, sustainability and corporate responsibility are core to our business. Our Strategic partnership with WETEX this year is a reflection of our strong belief in the exhibition's growing stature and resonating echo in addressing investment potential as well as promoting innovative solutions and technologies in water, energy, and environmental sustainability."
Paddy Padmanathan, President & CEO of ACWA Power, said "Since inception in October 2004, ACWA Power has been a trailblazer in establishing an enviable track record of consistently exceeding expectations in the MENA Power and Water landscape. Our recent achievement in setting a global benchmark for utility scale solar photovoltaic power plants and the trust bestowed by DEWA upon us reflects our commitment to reliably deliver electricity at the lowest possible cost and support socio-economic development in our target countries."
WETEX and World Green Economy Summit will be organized under the umbrella of the 2nd Green Week. Green Week aims to spread a culture of green initiatives. WETEX focuses on a variety of topics and activities related to water and energy use, environmental protection, waste management, green buildings, and the latest cutting-edge solutions that contribute to reducing gas emissions to support cleaner and healthier environment.
ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with operations in 10 countries in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power's portfolio, with an investment value in excess of USD 25 billion, can generate 16.1 GW of power and produce 2.5 million m3 /day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models.
ACWA Power, registered and head-quartered in the Kingdom of Saudi Arabia, is owned by eight Saudi conglomerates, Sanabil Direct Investment Company (owned by the Public Investment Fund of Saudi Arabia), the Saudi Public Pensions Agency and the International Finance Corporation (a member of the World Bank Group).
ACWA Power pursues a mission to reliably deliver electricity and desalinated water at the lowest possible cost while seeking to maximize local content and local employment creation, thereby contributing to the social and economic development of the communities and countries it invests in and serves.
ACWA Power strives to achieve success by adhering to the values of Diversity, Rigor, Ingenuity, Fairness and Integrity in operating its business.
© Press Release 2015
