ACWA Power highlights role in sustainable development

Saudi Energy Minister Prince Abdul Aziz bin Salman toured the Saudi pavilion at the 24th edition of the World Energy Congress in Abu Dhabi. (Photo/Supplied)
Updated 12 September 2019

ACWA Power highlights role in sustainable development

Saudi Energy Minister Prince Abdul Aziz bin Salman toured the Saudi pavilion at the 24th edition of the World Energy Congress (WEC). The flagship event is being held in Abu Dhabi for the first time in the Middle East, Sept. 9 to 12th at the Abu Dhabi National Exhibition Center.
ACWA Power, a leader in water desalination and power generation, joined over 15,000 attendees and 66 ministers at this year’s World Energy Congress (WEC) to highlight ACWA Power’s position as a global total solution provider across the power and water sectors.
On the sidelines of the Congress, ACWA Power signed a memorandum of understanding with King Abdullah University of Science and Technology (KAUST), inaugurating the KAUST-ACWA Power Center of Excellence for Desalination and Solar Power. The center will prioritize research in water quality monitoring and system performance modeling using several KAUST research centers.
The collaboration between ACWA Power and KAUST marks the beginning of a long-term research and innovation alliance between the two organizations that will place the Kingdom at the forefront of international scientific advancements in water desalination and solar power technology.
Mohammed Abunayyan, chairman of ACWA Power, said: “We are honored to be part of the Saudi energy platform within the Kingdom’s pavilion as a proud Saudi company that is very much at the forefront of the energy transition globally.  We are happy to share our experiences with global leaders and exchange ideas in pursuit of sustainable energy for the development of people, communities and nations.  This is very much the model we follow at ACWA Power as we partner with communities with our long-term thinking and value proposition based on excelling at every aspect of the value chain. Our focus is situated toward the crucial themes of the congress, including energy security, promoting environmental sustainability, and the deployment of innovative technologies that elevate efficiencies of energy systems — themes that ACWA Power has pioneered through its effective models and experiences in projects and businesses across three continents. We are looking forward to sharing our leading models with the global energy industry as a proof of the capabilities and role of the Saudi economy in powering and achieving the theme of the Congress, “Energy for Prosperity.”
Abunayyan took part in a panel session titled “Financing Energy: Closing the Clean Energy Investment Gap.” Paddy Padmanathan, president and CEO of ACWA Power, participated in a panel discussion on “Scaling New Heights: Global Renewables Outlook,” which addressed the opportunities, challenges, and solutions to the most pressing energy issues the world faces today.
The company also highlighted its work in the sustainable development of countries around the world and its program to invest in enhancing the local employment and talents in the communities it operates in.


Ras Al-Khaimah to host Mideast’s first ‘business Oscars’

Updated 16 September 2019

Ras Al-Khaimah to host Mideast’s first ‘business Oscars’

The Stevie Awards, known widely as the “business Oscars,” has reached an agreement for a strategic partnership with Ras Al-Khaimah Chamber of Commerce and Industry (RAK Chamber) for the first annual Middle East Stevie Awards to be held in Ras Al-Khaimah in February 2020.
The Middle East Stevie Awards will recognize innovation in the workplace from across 17 MENA countries and the awards program and gala prize-giving ceremony will be held in Ras Al-Khaimah for the first three years and at least every other year thereafter. The announcement was accompanied by a call from Stevie Awards for entries for the inaugural edition.
“Hosting the inaugural edition of the Middle East Stevie Awards here in Ras Al-Khaimah is a significant accomplishment, and another noteworthy milestone to add to the emirate’s successful track record, continuing on the same path of progress that has been taking place across all sectors, in line with the directives of our wise leadership,” said Mohamed Ali Al-Nuaimi, chairman of RAK Chamber.
“I was extremely gratified when the RAK Chamber approached us about partnering with them on a new Stevie Awards program for the Middle East and North Africa,” said Michael Gallagher, founder and executive chairman of the Stevie Awards. “We have recognized the achievements of executives, entrepreneurs, and organizations across the region for many years in our other programs. The time is right for the region to have its own Stevie’s program. We are excited to launch the Middle East Stevie Awards, and look forward to the first gathering of Stevie Award winners in the program in Ras Al-Khaimah in February.”