ACWA Power wins KSA’s first utility scale renewable energy project

Mohammad Abunayyan, chairman of ACWA Power.
Updated 07 February 2018
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ACWA Power wins KSA’s first utility scale renewable energy project

ACWA Power, a leading Saudi company specializing in developing, constructing and operating power generation and desalination water plants, has won the Skaka IPP PV solar project, the first utility scale renewable energy plant in Saudi Arabia.
This plant is the first of what will be a series of procurement within the ambitious Saudi national renewables program aiming to produce 9.5 GW of renewable energy by 2023 in the first phase. The 25-year power purchase contract was awarded to ACWA Power at a new world-record tariff of 8.781 halala/kWh (2.3417 cents/kWh).
Mohammad Abdullah Abunayyan, chairman of ACWA Power, said: “We are proud to have set yet another world-record tariff for PV power, now at home and are humbled to be entrusted with the first utility scale renewable energy plant to be developed in the Kingdom, which will be the foundation of the visionary ambitious national program that seeks to maximize the utilization of renewable energy sources, as defined by the National Transformation Program 2020 and the objectives of the Saudi Vision 2030.”
“This new project allows ACWA Power to bring to the Kingdom our considerable expertise and capabilities to ensure the delivery of this first renewable energy project at the highest global standards of quality and efficiency,” Abunayyan added.
Paddy Padmanathan, president and CEO of ACWA Power, said: “We are very excited to have won this project. Such a rigorous transparent process at a new world-record tariff will set the foundation for a robust and competitive market for renewable energy in the Kingdom, thus enabling Saudi Arabia to take advantage of all intrinsic valuable ingredients available to become a global hub for research, development, manufacture and investment in the rapidly transforming energy sector.”


Events company sees KSA as market leader

Updated 20 May 2018
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Events company sees KSA as market leader

  • My Events International is based in Malaysia and operates on three continents worldwide.
  • ‘Saudi Arabia is being renewed,’ says My Events International founder.

JEDDAH: A global events company has begun operations in Saudi Arabia with a plan to make the Kingdom and Vision 2030 the focus of a growing world market in event management. 

My Events International provides event management, marketing, and sponsor and sales management in sectors including banking, technology, health care and construction.

The Malaysia-based firm operates in India, Kuwait, the UK, Singapore, Nigeria — and now Saudi Arabia. 

The company’s Jeddah opening was attended by Khaled Almaeena, Al-Abeer director; My Events International Saudi Arabia manager Shahul Dawood; founder and president of My Events International, Mohammed Abudawood; and Malaysia’s consul general in Jeddah, Dato Mohamad Ali bin Selamat.

The opening also included the launch of Expo Malaysia, which will showcase the country overseas.

“Our partnership with My Events International will help create a new trademark in Saudi Arabia that compatible with Vision 2030 and the new changes that is bringing,” Almaeena said.

“We are proud to announce that we are organizing the Malaysia Expo, which promotes trade and investment between the two countries and will provide job opportunities for Saudi youth,” he said.

Dawood said: “Saudi Arabia is our fifth country to have a partnership. We have entered Saudi Arabia at the best time — most of the doors are opened for us, and people are encouraging and supportive. 

“We are also aiming to do a special program for women. We are not only an event managing company, but also a specialist in content creation and public private partnership.”

Abudawood said: “We are witnessing a country that is being renewed. Youth represents 70 percent of the Saudi community, and they are full of energy and new ideas, so talking about events and entertainment will help make this change happen.”

Selamat said: “Malaysia and Saudi Arabia are two countries with great potential in sectors such as tourism, as well as developing small and medium enterprises.

“My Events International has great significance in events development, and this partnership will help strengthen ties between Saudi Arabia and Malaysia, and promote economic relations as well.”