Dubai, 24 January, 2016: ACWA Power today announced the appointment of David Crane as a director representing ACWA Holding. He is also appointed as a director of ACWA Guc IŞLETME VE YÖNETİM SANAYİ VE TİCARET ANONiMŞİRKETİ, ACWA Power's subsidiary in Turkey, which owns its first merchant plant, Kirikkale CCGT IPP.
Commenting on the appointment, Mohammed Abunayyan, Chairman of ACWA Power said: "David has demonstrated experience in the utilities sector spanning three different continents, and we're confident that he will add valuable new perspectives to ACWA Power's Board."
"I'm honored to be joining ACWA Power and ACWA Power Guc at such an exciting juncture in their history. ACWA Power has quickly emerged as a global leader in large energy infrastructure projects in the Middle East and other parts of the world which are vibrant, critical and of great personal interest to me and my family. I hope to contribute my experience and expertise to assist ACWA Power, its Management and my fellow Directors as the company takes on new challenges, particularly in the area of renewable energy projects. I'm confident that we'll continue to see, and indeed surpass, the growth that the company has enjoyed over the last few years," said Crane.
ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with presence in 12 countries including in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power's portfolio, with an investment value in excess of USD 30.5 billion (of which, over 16% is in renewables) can generate 21.5 GW of power and produce 2.5 million m3 /day of desalinated water.
About ACWA Power:
ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with presence in 12 countries including in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power's portfolio, with an investment value in excess of USD 30.5 billion, can generate 21.5 GW of power and produce 2.5 million m3 /day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models.
ACWA Power, registered and head-quartered in the Kingdom of Saudi Arabia, is owned by eight Saudi conglomerates, Sanabil Direct Investment Company (owned by the Public Investment Fund of Saudi Arabia), the Saudi Public Pensions Agency and the International Finance Corporation (a member of the World Bank Group).
ACWA Power pursues a mission to reliably deliver electricity and desalinated water at the lowest possible cost while seeking to maximize local content and local employment creation, thereby contributing to the social and economic development of the communities and countries it invests in and serves.
ACWA Power strives to achieve success by adhering to the values of Diversity, Rigor, Ingenuity, Fairness and Integrity in operating its business.
Riyadh | Dubai | Beijing | Istanbul | Johannesburg | Rabat | Hanoi| Cairo
For more information contact:
Naif AbuSaida
Executive Director- Communications & External Affairs
+966 11 283 5544
nabusaida@acwapower.com
© Press Release 2016
