{"id":89372,"date":"2024-09-05T00:00:00","date_gmt":"2024-09-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/05\/acwa-power-unit-lands-sar-2-6-bn-iwp-project-in-the-uae\/"},"modified":"2024-09-05T00:00:00","modified_gmt":"2024-09-05T00:00:00","slug":"acwa-power-unit-lands-sar-2-6-bn-iwp-project-in-the-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/05\/acwa-power-unit-lands-sar-2-6-bn-iwp-project-in-the-uae\/","title":{"rendered":"Acwa Power unit lands SAR 2.6 bn IWP project in the UAE"},"content":{"rendered":"

UAE-based Hamriyah Developer Holding \u2014 45% owned by Acwa Power \u2014 will develop <\/strong>the Hamriyah desalination plant in Sharjah <\/strong>under a SAR 2.6 bn water purchase agreement with Sharjah Electricity Water and Gas Authority (Sewa), Acwa Power said in a disclosure to Tadawul<\/a>. There\u2019s no publicly available information about the other shareholders of Hamriyah Developer Holding.<\/p>\n

The details: <\/strong>The 30-year EPC contract will see the renewables giant establish an independent water plant (IWP) with a daily production capacity of 410k cubic meters. The project is expected to come online by 2Q 2028.<\/p>\n

Acwa had a busy summer: <\/strong>Earlier this week, an Acwa Power-led consortium secured SAR<\/a>9.7bn<\/a> in financing for three mega solar PV projects in the Kingdom. Acwa also broke ground<\/a> on a 200 MW wind plant and 100 MW battery station in Uzbekistan last month, with the 700 MW solar plant in Qassim<\/a> kicking-off operations in mid-August. The company is also gearing up for a capital increase through a SAR 7.1 bn rights issue<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The plant will begin commercial operations in 2Q 2028<\/p>\n","protected":false},"author":1,"featured_media":89373,"comment_status":"","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":[2547],"tags":[448,589,10,2470,66,2468,2469],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-acwa-power","tag-desalination","tag-enterpriseam-ksa","tag-hamriyah-developer-holding","tag-infrastructure","tag-sharjah-electricity","tag-water-and-gas-authority-sewa","wpautop","entry"],"acf":{"mongo_id":"558e6958-905a-4e7a-af77-a3f39632b48a","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1662.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power unit lands a SAR 2.6 bn IWP project in the UAE","related_issue":[89365],"teaser":"The plant will begin commercial operations in 2Q 2028","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.6672b543-e099-4742-a7da-441666b740fc.mp3"},"yoast_head":"\nAcwa Power unit lands SAR 2.6 bn IWP project in the UAE - 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