Energy China Signs Strategic Cooperation Agreement with International Company for Water and Power Projects of Saudi Arabia

Scene of Agreement Signing

According to the agreement signed, both parties will give full play to their respective expertise and establish extensive and in-depth cooperation on investment and development, consultation and design, construction and operation in such fields as global power and seawater desalination, so as to achieve win-win cooperation and common development.

Wang Jianping Met with Mohammad Abunayyan

Before the signing ceremony, both parties had frank exchanges on strengthening communication, deepening mutual trust and promoting win-win cooperation. Wang Jianping noted that Energy China is one of the largest comprehensive solutions providers for the power industry in China and the world, ranking 11th and 4th among ENR 250 global contractors and ENR150 global engineering companies in 2017, with its businesses covering more than 100 countries across the globe. ACWA Power is an important partner of Energy China. Energy China is willing to provide a one-stop solution for ACWA Power in investment, development, planning and consulting design, construction and operation, and join hands with ACWA Power for common development.
Mohammad Abunayyan was highly appreciative of the comprehensive strength of Energy China. He hoped to further deepen the bilateral practical cooperation in thermal power, photovoltaic power generation, seawater desalination and other areas, thus achieving powerful combination, mutual benefit and win-win results. In his speech, Paddy noted that ACWA Power has always attached great importance to cooperation with Energy China, and hopes to establish a long-term and stable cooperative relationship with Energy China with the signing of the agreement as a platform.
It is known that Saudi Arabia’s International Company for Water and Power Projects, with the shareholding of the government of Saudi Arabia, is a private investor, developer and operator in electricity and seawater desalination projects and its businesses cover a number of aspects including various types of power plants (such as gas, fuel, coal and wind) as well as seawater desalination. Its current investment mainly targets approximately 10 countries including Saudi Arabia, Egypt, South Africa and Vietnam, managing assets amounting to over USD 33 billion. It is one of the world’s leading as well as the Middle East’s largest IPP/IWPP project investment developers.