{"id":103358,"date":"2025-12-25T00:00:00","date_gmt":"2025-12-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=103358"},"modified":"2025-12-25T04:28:42","modified_gmt":"2025-12-25T04:28:42","slug":"acwa-power-is-getting-badeels-stake-in-shuaibah-water","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/12\/25\/acwa-power-is-getting-badeels-stake-in-shuaibah-water\/","title":{"rendered":"Acwa Power is getting Badeel\u2019s stake in Shuaibah Water"},"content":{"rendered":"

A<\/strong>cwa Power wants a bigger piece of Saudi\u2019s first independent water and <\/strong>power project (IWPP)<\/strong>. The utility giant signed a SAR 843.3 mn share purchase agreement to buy PIF-backed Badeel\u2019s full 32% stake in Shuaibah Water and Electricity Company, according to a disclosure<\/a>. The deal will lift Acwa\u2019s ownership to 62%, from 30% currently.<\/p>\n

What\u2019s the asset? <\/strong>Shuaibah Water and Electricity Company was set up for the Kingdom\u2019s very<\/a>first IWPP<\/a>. The Shuaibah 1 IWPP<\/a>, commissioned back in 2010, bundled 900 MW of power capacity with 880k cubic meters per day of desalination in its first phase, while planned expansion was set to see its capacity grow to some 1 mn cubic meters a day.<\/p>\n

Other Shuaibah projects are their own thing: <\/strong>Subsequent capacity expansions were folded into the same lineage, but newer Shuaibah-branded assets, including large-scale solar PV projects<\/a> and RO-only desal plants<\/a>, sit under separate special purpose vehicles with separate contracts. <\/p>\n","protected":false},"excerpt":{"rendered":"

The deal will lift Acwa\u2019s ownership to 62%, from 30% currently.<\/p>\n","protected":false},"author":1,"featured_media":103359,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2570],"tags":[448,2425,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-acwa-power","tag-energy","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"133dbadb-6ff2-42f9-ab94-61fa26c9c708","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/1265.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power is getting Badeel\u2019s stake in Shuaibah Water for SAR 843 mn.","related_issue":[103350],"teaser":"The deal will lift Acwa\u2019s ownership to 62%, from 30% currently."},"yoast_head":"\nAcwa Power is getting Badeel\u2019s stake in Shuaibah Water - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/12\/25\/acwa-power-is-getting-badeels-stake-in-shuaibah-water\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acwa Power is getting Badeel\u2019s stake in Shuaibah Water\" \/>\n<meta property=\"og:description\" content=\"The deal will lift Acwa\u2019s ownership to 62%, from 30% currently.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/12\/25\/acwa-power-is-getting-badeels-stake-in-shuaibah-water\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-25T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-25T04:28:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1265.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/12\/25\/acwa-power-is-getting-badeels-stake-in-shuaibah-water\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/12\/25\/acwa-power-is-getting-badeels-stake-in-shuaibah-water\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Acwa Power is getting Badeel\u2019s stake in Shuaibah Water\",\"datePublished\":\"2025-12-25T00:00:00+00:00\",\"dateModified\":\"2025-12-25T04:28:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/12\/25\/acwa-power-is-getting-badeels-stake-in-shuaibah-water\/\"},\"wordCount\":161,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/12\/25\/acwa-power-is-getting-badeels-stake-in-shuaibah-water\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1265.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ACWA power\",\"ENERGY\",\"EnterpriseAM KSA\"],\"articleSection\":[\"ENERGY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/12\/25\/acwa-power-is-getting-badeels-stake-in-shuaibah-water\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/12\/25\/acwa-power-is-getting-badeels-stake-in-shuaibah-water\/\",\"name\":\"Acwa Power is getting Badeel\u2019s stake in Shuaibah Water - 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