The event was attended by more than 1,000 of the international project finance community.
Since its establishment in 2004, ACWA Power has made its indelible mark on the competitive landscape of the Power and Water industry in the MENA region.
ACWA Power’s success continued into February with the award, in London, for the “Islamic Deal of the Year” for the Qurayyah Power project by Euromoney Magazine and the Best Electricity Project at the Saudi BuildInfra Awards in Riyadh.
In addition, ACWA Power received the “Middle East Power Deal of the Year” award, also for the Qurayyah Power project, from Project Finance Magazine on March 6 in a ceremony which took place at the Jumeirah Emirates Towers Hotel in Dubai.
Over the last seven years, ACWA Power has received more than 12 distinguished awards for its projects, initiatives, growth, CSR programs, and project financing models from a range of recognizing bodies including SAGIA, Project Finance International, Global Water Intelligence, Euromoney and Thomson Reuters.
Rajit Nanda, chief finance officer of ACWA Power, said “There is no greater honor than being recognized by one’s own peers, a humbling while at the same time highly motivating experience given that we are being judged against well-established international competitors who are extremely active within not just the MENA region but who operate right across the world.”
Paddy Padmanathan, president & CEO of ACWA Power, said: “ACWA Power sponsors a number of initiatives such as research chairs for water desalination in King Saud University and is a founding sponsor of King Abdullah University of Science and Technology. In addition, ACWA Power has recently established jointly with Technical and Vocational Training Corporation (TVTC) the Higher Institute for Water and Power Technologies (HIWPT) in Rabigh.”
