ACWA Power increases its water capacity to 7.6 mil m3/day after winning Dubai’s Hassyan Seawater IWP Bid

Dubai, United Arab Emirates: ACWA Power, a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, has been declared as the ‘Preferred Bidder’ for the Hassyan Seawater Reverse Osmosis (SWRO) plant by the Dubai Electricity and Water Authority (DEWA). This project will increase ACWA Power’s overall water capacity to 7. 6 million m3/day.

The win was secured after ACWA Power submitted the lowest water levelised tariff of USD$0. 365 per cubic metre (m3) in May 2023, setting a world-record for DEWA’s first Independent Water Producer (IWP) model project. ACWA Power has now been selected as the preferred bidder to develop and operate the 818,280 m3/day plant, which is one of the world’s largest plants.

The plant is an integral part of DEWA’s strategy to scale up Dubai’s water desalination capacity and to produce 100 percent desalinated water from a mix of clean energy and waste heat by 2030. When complete in 2026, the Hassyan IWP will increase water desalination in Dubai from 2,227,540 million m3/day to 3,409,500 million m3/day. Commenting on the announcement, Marco Arcelli, CEO of ACWA Power, said: “We are delighted to set the world record once again for the lowest water levelised tariff rate – in fact, this is the first IWP project in history to break the $USD0.

4/m3 barrier for a SWRO plant of this scale. This has been made possible by the combination of innovation and our spirit to continuously improve the efficiency of our projects. ” “We are honoured to have been entrusted this project by our longstanding partner DEWA, and we are committed to contributing towards the Emirate of Dubai’s Integrated Energy Strategy 2030 to supply clean, affordable and responsible water to its communities,” added Arcelli.

ACWA Power was recently recognised by Global Water Intelligence (GWI) as the world’s largest water project developer outside of China. ACWA Power now manages its water portfolio across four countries, with an overall market presence in over 12 countries. About ACWA Power ACWA Power (TADAWUL:2082) is a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition.

Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 12 countries in the Middle East, Africa, Central Asia and Southeast Asia. ACWA Power’s portfolio comprises 75 projects in operation, advanced development, or construction with an investment value of SAR 293 billion (USD 78. 2 billion), and the capacity to generate 50.

4 GW of power and manage 7. 6 million m3/day, of desalinated water per day, delivered on a bulk basis to address the needs of state utilities and industries on long term, off-taker contracts under utility services outsourcing and Public-Private-Partnership models. Learn more: www.

acwapower. com Media contacts: Yahya Hamidaddin, Executive Director – PR, Media & Content – YHamidaddin@acwapower. com Mohammed Al Hasan, Senior Manager – PR, Media & Content – Moalhasan@acwapower.

com.