Its projects span heavy infrastructure, ports, roads, tunnels, desalination plants, hydroelectric dams, solar farms, and oil and gas megaprojects. But in all these years, one thing remains unchanged – Acciona continues to build railways.
Acwa Power, a leading developer, owner, and operator of power generation and water desalination plants based in Saudi Arabia, said it has joined hands with three international groups – Spanish company Abengoa and Chinese firms Industrial and Commercial Bank of China Limited (ICBC), Shanghai Electric Group Company (SEGC) – to set up the world’s largest renewable energy project in Dubai, UAE.
One of its newer and larger plants, the Mirfa Independent Water and Power Plant, which has a power capacity of 1.6 GW and produces 52.5 million gallons of water per day, integrates the newest iterations of power generation and desalination technologies.
Construction of the UAE’s second nuclear power reactor is nearing completion with pre-operational testing well underway. Pre-operational testing process incorporates all lessons learned from the same test on Unit 1.
Early this year, ACWA power set the pace for the first ever concentrated solar plant (CSP) in Dubai following a ground-breaking ceremony for the $3.8bn project at the Mohammed Bin Rashid Al Maktoum solar plant.
Abu Dhabi-based Mubadala Investment Company said one of its entities, MDC Power Holding Company, has signed a joint development agreement with The Federal Electricity and Water Authority (Fewa) to co-develop seawater reverse osmosis desalination plants in the Northern Emirates.
The Fewa was established to cater the needs of the Northern Emirates population by providing world-class electricity and water services, improve the standards of living and achieve sustainable growth by 2021.
The three plants will be built in Ras Al Khaimah, Umm Al Quwain and Fujairah by the Federal Electricity and Water Authority and MDC Power Holding Company, which is owned by Mubadala Investment Company.
The issue of potable water scarcity around the world has led several companies operating in this sector to invest in research using new technologies for water production and storage, limiting water wastage and rationalising consumption.
Global research and developmental efforts have led to a qualitative shift in water desalination, reducing costs, wastewater treatment, and introducing alternative clean energy sources to desalinate water, such as solar power and other innovative technologies.