SAUDI ARABIA SAUDI ARABIA UNITED ARAB CHINA EGYPT JORDAN

Building 1, Ground Floor, King Abdulaziz Road, EMIRATES Tower B, Giza Systems Building, Amman-Khelda,
Business Gate Ash Shati, The One Tower, 41st Ping An International 1st Floor, Al Khalideen Suburb
Office Complex, Jeddah Floor, Barsha Heights, Finance Centre, Second Sector, Al- Hakam Bin Amro

Trusted, healthy and vibrant

Airport Road, 23613 Sheikh Zayed Road, P.O. Box 2101, City Center, Street – Building No.22
P.O. Box 22616, Tel: +966 12 618 9000 P.O. Box 30582, Dubai Beijing 010027 P.O. Box 351, New Cairo P.O. Box: 2564
Riyadh 11416 Tel: +971 4 2480 800 Tel: +86 10 5979 2330 Tel: +202 23225500 Amman 11953
Tel: +966 11 283 5555 Fax: +971 4 3859 625 Fax: +86 10 8438 1078 Tel: +96 253 40008
Fax: +966 11 283 5500

MOROCCO OMAN SOUTH AFRICA SPAIN TURKEY VIETNAM

65, Avenue, Grand Mall, South 90 Grayston Drive, Empresarios Barbaros Plaza, BIDV Tower, Floor 11,
Mehdi ben Barka,
Souissi, 10100 Rabat
Lobby Roof Top,
P.O.Box: 163,
7th Floor,
2196 Sandton,
Agrupados
Calle Magallanes 3,
Emirhan Caddesi,
No:113 Kat:19
194 Tran Quang Khai
Street, Hoan Keim
acwapower.com
Tel: +212 537 287878 PC: 136, Al Khwair, Johannesburg 28015 Dikilitas – Besiktas, District, Hanoi
Fax: +212 537 714165 Muscat Tel: +27 11 722 4100 Madrid Istanbul Tel: +84 43 935 2966
Fax: +27 11 722 4113 Tel: +90 212 259 3396 Fax: +84 43 935 2969
Fax: +90 212 259 3397

For more details email: comms@acwapower.com


ACWA Power | H1 2018
Welcome
Driven by strong performance in the first five years, ACWA
Power made a strategic decision in 2008 to expand beyond
Saudi Arabia as the company grew. ACWA Power has presence
in 10 countries.
At ACWA Power we focus on providing power and desalinated water
efficiently, reliably and safely at the lowest possible cost while also
supporting the communities in which we operate. We see the benefits
of being a responsible operator and work with our host nations to retain
economic value at a local level.
We’ve defined and refined the Public Private Partnership (PPP) model.
We’ve done this by viewing the governments in the markets in which we
operate as partners and creating long-term economic value. We do this
in two ways; using our strong market presence to drive down costs
along the supply chain and, most importantly, planning to recoup
our costs over a generational (25+ years) time frame.
Paddy Padmanathan Thamer Al Sharhan
President and CEO Managing Director
ACWA Power is technology neutral and fuel agnostic. Using our
experience, expertise and technological advantage, we select the
most appropriate, efficient and reliable process to produce energy
and water solutions.
We have taken impressive strides in recent years and are showing
no signs of slowing. We have ambitious growth plans and are proud
to be developing a reputation as a leading industry player.
Thank you for your trust in ACWA Power and we look forward to
working with you.
Our vision, mission
and values
We take great pride in the important role we play in delivering
power and desalinated water efficiently, reliably and safely at the
lowest possible cost while also supporting local communities.
To help guide us in our role, we adhere to the
following vision, mission and values which
underpin everything we do:
Vision
To ensure the ingenuity and entrepreneurship
of the private sector and make available
electricity and desalinated water in a reliable
manner to support social development and
economic growth of nations.
Mission
Reliably deliver electricity and desalinated
water at the lowest possible cost.
Values
• Safety: We put safety first! We are
committed to protecting the well-being of
our employees, partners, plants and the
communities in which we operate. We find
sustainable solutions for our business to
protect the environment for generations
to come.
SAFETY PEOPLE
01
ACWA Power | H1 2018
• People: We treat our employees and
partners with respect and professionalism,
fostering a working environment where
people can contribute, innovate and excel.
We work together in collaborative and
inclusive teams, showing support for each
other to achieve client, personal and
company goals. We embrace integrity and
transparency by practicing the highest
professional and ethical standards towards
our clients, communities and one another.
• Performance: We are committed to
excellence in our business and operations.
We set and achieve ambitious goals by
constantly raising the bar of our
performance. We hold ourselves
accountable for taking ownership to
achieve superior results. We are bold,
passionately taking on challenges with
speed and agility, quickly adapting to our
environment in the relentless pursuit of
growth and great results.
PERFORMANCE
02 03
ACWA Power |H1 2018 ACWA Power | H1 2018

Delivering power
and desalinated
water to entire
communities
At ACWA Power we develop, invest, co-own, and operate a portfolio of power
generation and desalinated water production plants currently with presence in 10
countries including in the Middle East and North Africa, Southern Africa and South
East Asia regions. Our portfolio, with an investment value in excess of US$ 30 Bn,
can generate 22+ GW of power and produce 2.7 Mn 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.

The Company is registered and headquartered in the Kingdom of Saudi Arabia.

We operate voluntarily under global standards of corporate governance and risk
management, to ensure reliability and trust with all key stakeholders.

We pursue a mission to reliably deliver electricity and desalinated water at the

POWER
lowest possible cost while seeking to maximize local content and local employment
creation, thereby contributing to the social and economic development of the

22+ GW
communities and countries we invest in and serve.

TOTAL CONTRACTED CAPACITY OF POWER

WATER

2.7Mn m /Day 3
TOTAL CONTRACTED CAPACITY OF DESALINATED WATER
04 05
ACWA Power | H1 2018 ACWA Power | H1 2018

Global operations
Mafraq PV IPP Risha PV IPP

22
21 20
BULGARIA
12 16
CEGCO 17 23
Our portfolio consists of 40 assets across Karadzhalovo PV IPP Assets 18 Zarqa IPP

three continents providing 22+ GW of power Amman

and 2.7 Mn m3/per day of desalinated water.

19 JORDAN
Kirikkale IPP
TURKEY
Sakaka PV IPP
Istanbul
38

SAUDI ARABIA
6
Marafiq IWPP

Qurayyah IPP/Hajr
2
5
Bowarege IWP Rabigh IPP
1 Riyadh

Petro Rabigh IWSPP

3 6 Rabigh 2 IPP/Al Mourjan
THE COMPANY’S STRATEGIC GEOGRAPHIC Petro Rabigh
4 7
EXPANSION HAS FOCUSED ON TARGETING (Phase 2) IWSPP Shuaibah Expansion II IWP
Jeddah 11
HIGH-GROWTH ECONOMIES WITH SOUND Khalladi Wind IPP 8 9
REGULATORY ENVIRONMENT. Shuaibah IWPP Shuaibah Expansion IWP
24 NOOR PV1

40
10
Rabat Shuqaiq IWPP

NOORo 1 CSP IPP

25 28
26 27
NOORo 2 CSP IPP
NOORo 3 CSP IPP

EGYPT
ASSETS MOROCCO
29

7
NOOR PV1
30 Cairo

Dairut IPP
1
13
5 14
15 Redstone CSP IPP

Khanyisa IPP
ASSETS UNDER Benban PV IPP
2
ADVANCED DEVELOPMENT Sohar 3 IPP

2,750+
Barka 1 IWPP
37 5

Bokpoort CSP IPP Johannesburg

36
Status 31
Advanced Under Operation Office Barka 1 Phase 2
34 32 33 Expansion IWP
SOUTH AFRICA
Development Construction
Muscat Hanoi
Ibri IPP

EMPLOYEES Barka 1 Phase 1

Expansion IWP 3 Nam Dinh 1 IPP

10
Energy
CSP CSP with Tower PV Oil/Diesel
Source
Dubai OMAN
35 7 Salalah IWP VIETNAM
Coal Wind Gas UAE 39 40
4
NOOR Energy 1
Salalah 2 IPP Salalah 2 IPP
- Existing - Greenfield
Products
Hassyan IPP Shuaa Energy
COUNTRIES Water Power Power &
Water
1IPP
06 ASSETS AND OPERATIONS 07
ACWA Power | H2 2017
Project ACWA Contracted
Cost Power Effective Contracted Water
Project Name (MUSD) Share Power (MW) (000’ m3/day) Status PCOD Project Type

PROJECTS

Asset portfolio
SAUDI ARABIA

1 Bowarege IWP 99 64.85% – 50 Operational Q3 2008 Conventional

2 Marafiq IWPP 3,359 20.00% 2,744 800 Operational Q4 2010 Conventional

3 Petro Rabigh IWSPP 1,191 37.00% 360 134 Operational Q2 2008 Conventional

4 Petro Rabigh (Phase 2) IWSPP 984 37.00% 160 54 Operational Q1 2018 Conventional

Since ACWA Power was established in Saudi Arabia in 2004,

5 Qurayyah IPP/Hajr 2,717 17.50% 3,927 – Operational Q1 2015 Conventional

the company has evolved into a leading international developer,

6 Rabigh IPP 2,506 40.00% 1,204 – Operational Q2 2013 Conventional

investor and operator of a portfolio of power generation and

7 Rabigh 2 IPP/Al Mourjan 1,559 37.50% 2,060 – Operational Q1 2018 Conventional

desalinated water production plants.

8 Shuaibah IWPP 2,450 30.00% 900 880 Operational Q1 2010 Conventional

9 Shuaibah Expansion IWP 233 30.00% – 150 Operational Q4 2009 Conventional

10 Shuqaiq IWPP 1,831 32.00% 850 212 Operational Q2 2011 Conventional

11 Shuaibah Expansion II IWP 314 100.00% – 250 Under-construction Q2 2019 Conventional

BULGARIA
Operational when acquired,

MATURING O&M BUSINESS (NOMAC)

12 Karadzhalovo PV IPP 272 42.00% 50 – Operational Renewable
Acquistion Q2 2012
EGYPT

ACWA Power’s wholly owned subsidiary, the First National Operations & Maintenance Company (NOMAC), is an independent operations and 13 14 15 Ben Ban PV IPP 190 59.51% 120 – Under-construction Q1 2019 Renewable
maintenance (O&M) company with its own board, governance, and financial objectives. NOMAC was established in 2005 and is currently the leading JORDAN
independent O&M service provider for the power and water desalination industry in the region.
16 17 18 19 Operational when acquired, Conventional/
CEGCO Assets 1,036 40.93% 962 – Operational
20 Acquistion Q3 2011 Renewable

22+ GW 2.7Mn M 56%

POWER WATER KSA PORTFOLIO 21 Mafraq PV IPP 71 100.00% 50 – Under-construction Q4 2018 Renewable

22 Risha PV IPP 68 100.00% 50 Under-construction Q3 2019 Renewable

3
23 Zarqa IPP 464 60.00% 485 – Under-construction Q3 2018 Conventional
per day
Saudi Arabia accounts for 56% of
MOROCCO
the Portfolio and includes 12 assets,
10 of which are in operation* 24 Khalladi Wind IPP 175 75.00% 120 – Under-construction Q2 2018 Renewable

25 NOORo 1 CSP IPP 841 73.13% 160 – Operational Q1 2016 Renewable

15 % 28%
RENEWABLES CONSTRUCTION
26 NOORo 2 CSP IPP 1,100 75.00% 200 – Under-construction Q2 2018 Renewable

27 NOORo3 CSP IPP 862 75.00% 150 – Under-construction Q4 2018 Renewable

28 29 30 NOOR PV 1 210 75.00% 135 – Under-construction Q2 2018 Renewable

Renewables comprise of the portfolio (16 assets)
15% of the portfolio are under construction* OMAN
(17 assets)*
Operational when acquired,
31 Barka 1 IWPP 415 41.91% 427 91 Operational Conventional
Acquistion Q3 2010
*as per project cost Barka 1 Phase 1
32 55 41.91% – 45 Operational Q2 2014 Conventional
Expansion IWP
Barka 1 Phase 2

PROJECTS UNDER ADVANCED DEVELOPMENT

33 79 41.91% – 57 Operational Q1 2016 Conventional
Expansion IWP
34 Ibri IPP 967 44.90% 1,509 – Under-construction Q2 2019 Conventional
Salalah 2 IPP Operational when acquired,
35 168 45.00% 273 – Operational Conventional
Project Contracted Contracted – Existing Aquisition Q2 2015
Cost ACWA Power Water
Salalah 2 IPP
Project Name Country (MUSD) Power Effective Share (MW) (000’ m3/day) Project Type 450 45.00% 445 – Operational Q1 2018 Conventional
– Greenfield
Conventional
Dairut IPP Egypt 2,200 40.00% 2,300 – Conventional 36 Sohar 3 IPP 957 44.90% 1,710 – Under-construction Q1 2019
1

Khanyisa IPP South Africa 1,031 49.00% 306 – Conventional SOUTH AFRICA
2

Nam Dinh 1 IPP Vietnam 2,200 50.00% 1,200 – Conventional 37 Bokpoort CSP IPP 517 40.00% 50 – Operational Q1 2016 Renewable
3

NOOR Energy 1 UAE 3,900 34.30% 700 – Renewable TURKEY

4

Redstone CSP IPP South Africa 789 50.00% 100 – Renewable 38 Kirikkale IPP 1,014 90.00% 950 – Operational Q3 2017 Conventional
5

Sakaka PV IPP Saudi Arabia 3,900 70.00% 300 – Renewable UNITED ARAB EMIRATES
6
39 Hassyan IPP 3,237 26.95% 2,400 – Under-construction Q1 2023 Conventional
7 Salalah IWP Oman 134 50.10% – 114 Conventional

TOTAL 10,556 4,906 114 40 Shuaa Energy PV IPP 326 49.00% 200 – Operational Q1 2017 Renewable

TOTAL 30,714 22,652 2,724

08
ACWA Power | H1 2018
Sustainable
Responsibility
We are a business committed to financial growth with sustainable
returns, social progress and avoidance of harm to our people,
partners and the environment. We pride ourselves on the
commitment to build lasting partnerships with the people and
communities where we operate and maximizing the potential
that our projects can bring to remote parts of the world.
HEALTH SAFETY AND ENVIRONMENT (HSE) CORPORATE SOCIAL RESPONSIBILITY (CSR)
At ACWA Power, we are commited to integrating health, safety and
environmental (HSE) considerations into its own operations and
those that it develops with partners. In 2016 we achieved a sustained
Loss Time Incidents (LTI) rate of 0.03, an improvement on previous years.
The full-year HSE performance shows year-on-year improvements
which are also comparable with international standards. The company
remains committed to operating in a zero-harm environment, and
works diligently to prevent and manage HSE issues as part of being
a responsible employer and business leader.
We have deployed, an integrating management system and conduct
systematic HSE tours, inspections and audits to ensure the safety of its
facilities and the health of its employees. No effort is spared to balance
HSE outcomes with the input and active effort of the HSE teams, the
site team and the corporate leadership team.
09
In-line with our Corporate Social Responsibility, we invest in partnerships
with local communities to provide support and encourage self-reliance
at a regional level. In 2016 we spent SAR 11 million to fund 47 projects
that focused on local needs, and leveraged education programs,
partnerships and foundations. Each program is aligned with the
socioeconomic development objectives of local, provincial and
national governments so that we deliver long-term growth and
stability, positively impact communities through technical training,
enhancing local infrastructure and nurturing financial sustainability.
We also provide training and local development opportunities to
the 2,750 people that work for us; circa 60% of the employees in
project companies are from local populations. Our commitment to
socioeconomic development of the communities we work in and
the countries we invest in is a core foundation of our business.