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.”


Bupa Arabia makes its mark at Hajj Hackathon

Updated 17 min 11 sec ago
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Bupa Arabia makes its mark at Hajj Hackathon

Bupa Arabia for Cooperative Insurance participated as the health care sponsor in the recently concluded Hajj Hackathon in Jeddah. 

The three-day event, which has been declared as the biggest hackathon in the world, was organized by the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) and gathered leading developers and programmers to enhance the experience of millions of pilgrims in the Kingdom. 

Bupa Arabia said its strategic partnership in this grand national event is of great significance. Hajj Hackathon brought together thousands of global talents from around the world with a clear objective in line with Saudi Vision 2030. The vision aims at the creation of a vibrant community that enjoys a healthier lifestyle, in addition to increasing the Kingdom’s capacity to welcome more pilgrims so that the holy city can accommodate 6 million Hajj and 30 million Umrah pilgrims by 2030.

Ali Sheneamar, chief business development officer at Bupa Arabia, said: “We are pleased to be part of the Hajj Hackathon in partnership with the Saudi Federation for Cybersecurity, Programming and Drones. We are also keen to support the Kingdom’s drive to motivate Saudi Arabia’s young talents and enrich the Hajj experience using unique innovative solutions. As we look forward to this opportunity, we join hands with the government’s direction for a prosperous pilgrimage journey by setting the foundations for local potential who play a pivotal role in the Kingdom’s current winds of change.”

Bupa Arabia welcomed all participants during the event at its health lounge and ran health checkups involving several medical tests. These included diabetes and blood pressure tests, and diagnostic eye and dental examinations. The company’s staff members were on hand providing valuable guidance and advice on health, diet, and sports, among other topics.

Bupa Arabia also displayed its e-services and digital platforms during the event. Saudi Arabia’s first Hajj Hackathon became the largest ever and entered the Guinness Book of World Records. It brought together 3,000 developers from 50 countries handpicked from among 20,000 applicants.